DoorDash to Lay Off 7% Of Their Employees


DoorDash has now announced that it will be firing about 7% of its staff, or 1,250 empolyees. The CEO of the company, explained this motion, saying that with the quickly growing business they hired very quickly, however, the company has now reached a state where if they continue along the same path, their operating expenses […]

Beyond Meat Stocks Have Dropped by 83% Over the Course of This Past Year


Beyond Meat has been at the forefront of the plant-based meat industry since the beginning of the COVID-19 pandemic. Beyond Meat along with the rest of the industry, surged with growth as many consumers tried the company’s vegan food. Click here to read this and more food industry headlines

FDA Approves Upside Food Cultured Chicken


The Food and Drug Administration (FDA) gave the first regulatory approval for any cultivated meat in the US this week. For this story and other food headlines this week, click here.

Grocery

Food Innovation Funding Headlines


Temasek and 83North led a secured $100 million investment round in Trigo, an Israeli FoodTech company. The company which is focused on powering digitalized checkout in stores will be using the funds to retrofit grocery stores across US and Europe. It will  use the funds to retrofit grocery stores across the US and Europe with its cashier-less checkout tech. Read more about funding headlines this week.

Beyond Meat Debuts Plant-Based Steak


Plant-based meat substitute producer Beyond Meat debuted its plant-based steak product called Beyond Steak on Monday. The product was launched in more than 5,000 Kroger and Walmart locations across the United States. Food Industry news this week summarized for you. Click here to read more.

Major Shake-Up At Beyond Meat As Shares Tumble


Major shake-up at Beyond Meat as shares tumble Fortune Plant-based meat substitute maker Beyond Meat is undergoing a major shake-up as it plans to cut up almost one-fifth of its global workforce. The layoff will include some top executives. The company faces an uphill task to keep the profits flowing as rising prices drive consumers […]