Beyond Meat to Cut Workers Across the Globe to Reduce Costs

Beyond Meat Inc. announced it’s laying off about 6% of its staff, adding to the list of consumer companies that have trimmed their workforces in recent days.

The El Segundo, California-based company said it will cut 44 employees. It’s also halting operations in China, which will result in about 20 job cuts, or 95% of its workers in that country. The moves are an effort to reduce costs and strengthen the company’s financial profile, according to a statement on Wednesday.