Cultivated meat pioneer UPSIDE Foods has engaged in a fresh round of layoffs in a bid to conserve capital and extend its runway as it expands its facility in Emeryville, California, the company has confirmed.
The firm, which made “selective role eliminations” in February as it paused plans to build a large-scale facility in Chicago in favor of expanding its smaller ‘EPIC’ site in Emeryville, has not shared how many people have been laid off in the latest round.
In a statement to AgFunderNews sent after as a flurry of employees announced they were looking new roles on LinkedIn, the company explained: “To stay agile in the face of an uncertain macroenvironment and preserve the resources needed to reach our milestones, we made the difficult decision to eliminate a number of positions.
https://agfundernews.com/upside-foods-initiates-new-round-of-layoffs-as-state-lawmakers-take-aim-at-cultivated-meat