Posted on 02/02/2023 6:05:00 AM PST by Oldeconomybuyer
Plant-based giant Impossible Foods is allegedly laying off 20% of its staff, according to Bloomberg.
Late last year, the Bay Area-based company offered volunteer separation payments to employees ahead of the purported layoffs, Bloomberg found. Impossible Foods has about 700 employees, which means that if the layoffs occur, it could affect about 140 people.
A timeline for the reported layoffs is unclear. On Tuesday, the Employment Development Department told SFGATE that it had not received a Worker Adjustment and Retraining Notification from Impossible Foods. The new round of layoffs comes months after Impossible Foods cut 6% of its staff in October, according to a memo obtained by Bloomberg.
(Excerpt) Read more at sfgate.com ...
Learn to farm.
Learn to ranch.
Good luck little peons.
Haven’t burned down enough chicken farms and food processing plants to force us to eat their artificial food yet.
Not really.....a little research will reveal this crap isn’t any more healthy than real meat......in many cases NOT AS healthy.
The bug food people are in for the same shock of reality.
Is it possible they’ll be called back to work?
I read that as “Woke Adjustment and Retraining Notification.”
LOL. Couldn’t happen to a nicer woke firm.
I hear ALDI is hiring.
Isn’t this the company that the CEO got drunk and walked into the wrong house and climbed into bed?
Impossible.
You beat me to it.
Arhhhhhhh. :(
One thing I never understand about these vegetarians is that if meat is so bad for you, why are they trying to imitate it with fake products?
For example, one food I cannot stand is lima beans. Yet I have no inclination to eat a fake food that looks like lima beans. I just don't eat lima beans!
Inconceivable!
Impossible to sell
People don’t like fake food and bugs.
Organic crappola is in same state, much less healthy. All it really addresses is reduction in man-made fertilizers and bug poisons. It decreases restrictions on impurities like bug poop, rat hairs, etc. The result is not only uglier food but less healthy.
I guess that soy burgers didn’t fly with the public!
The con artists at that company must have figured out that it would have been impossible to calculate the odds of this occurring, hence, the name for their fake burger.
Notice how quickly the "capitalization": of the company proceeded through issuing stock. If the product was so great and if the initial investors were so sure, then a wholly-owned company would have been enormously profitable. I believe this company, and others like it which have issued stock only to begin withering, are cons taking advantage of the ginned up hysteria from media over climate change, red meat as a danger to health, cow farts and so much other "messaging" that these companies can only really be cons in the long run.
Better living through chemistry" is not a recipe for fine cuisine.
Impossible !
Nobody wants that chemical and soy food, huh?
What business priorities? Making money? In that case, you better eliminate a lot more than 140 jobs from this delusional business model.
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