Boulder, Colo.-based alternative protein startup Meati Foods will cut about 20% of its workforce, according to news reports this week. The company told the Denver Post that the number of layoffs could vary, however, within a range of about 30 to 60 positions, depending on how many employees choose to transfer to different roles within the company.
Meati’s mushroom root-based protein products are sold in approximately 1,200 stores nationwide, the company said, and it earned a significant amount of business this summer, when Whole Foods began carrying the company’s products in more than 500 of its stores.
The report also notes that Meati is decommissioning its pilot plant in Boulder. The company was founded in 2016 and moved into a 120,000-square-foot processing facility in Thornton, Colo., earlier this year.