Beyond Meat, Inc. is laying off approximately 19% of its workforce and has further reduced its fiscal 2022 sales outlook to a range of $400 million to $425 million. The company is scheduled to release its third-quarter financial results on Nov. 9.
The chief operating officer at Beyond Meat Inc., who also previously held the position of group president of the poultry segment at Tyson Foods Inc., was suspended by the meat alternative company following a physical altercation at an Arkansas Razorbacks football game.