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(Podcast) FTX Co-Founder Sam Bankman-Fried Appears In Court Latest Sam Bankman-Fried Denies US Witness Tampering Claim Binance SOCIAL Crypto This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs (Podcast) View More Crypto * More ----------------------------------------------------------------- Markets + Work Shift Impossible Foods Plans to Lay Off About 20% of Workers * Workforce reduction follows another round of cuts in October * Buyouts were also offered to workers at end of last year Impossible Foods signage at a grocery store in Los Angeles. Impossible Foods signage at a grocery store in Los Angeles. Photographer: Patrick T. Fallon/Bloomberg By Deena Shanker +Follow January 30, 2023, 8:08 PM UTC Listen to this article 2:14 Share this article Copied New Gift this article Subscriber Benefit Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even non-subscribers! Learn more Subscribe Sign In Follow the authors @deenashanker + Get alerts forDeena Shanker Impossible Foods Inc., the maker of meatless burgers and sausages, is preparing to cut about 20% of its staff, according to a person familiar with the matter. The Redwood City, California-based company currently employs about 700 workers. The new round of dismissals could reduce that amount by more than 100. LIVE ON BLOOMBERG Watch Live TVListen to Live Radio Most Read * Markets Adani Rout Hits $68 Billion as Fight With Hindenburg Intensifies * Business Adani Tries to Calm Investors With 413-Page Hindenburg Rebuttal * Technology Historic Crash for Memory Chips Threatens to Wipe Out Earnings * Markets Nasdaq 100 Suffers Its Biggest Drop in a Month: Markets Wrap * Markets Adani Backed by UAE Royals Buying $400 Million in Share Sale Terms of Service Trademarks Privacy Policy (c)2023 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help PxPixel