Beyond Meat’s Very Real Problems: Slumping Sausages, Mounting Losses
Beyond Meat Inc.
BYND -1.26%
was moving into its new 300,000-square-foot headquarters in the Los Angeles area last month when it laid off about one-fifth of its workforce, the second round this year.
Ethan Brown,
the company’s chief executive and founder, assured employees at a town hall a day later that a more focused version of his plant-based food company would thrive. He compared Beyond to
Starbucks Corp.…