Beyond Meat Says Executing An Approximate 19% Reduction In Our Global Non-production Workforce; FY Capital Expenditures Are Now Expected To Be In Range Of $10M-$15M
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat has announced a 19% reduction in its global non-production workforce. The company also revised its FY capital expenditures forecast to be in the range of $10M-$15M.
November 02, 2023 | 12:39 pm
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Beyond Meat's decision to reduce its non-production workforce by 19% and revise its FY capital expenditures could impact its operational efficiency and financial performance.
The reduction in workforce could lead to a decrease in operational efficiency, potentially affecting the company's performance. The revision in capital expenditures indicates a change in the company's financial strategy, which could impact its financial performance.
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