Lab-grown meat business Upside Foods to cut jobs
The cultivated-meat producer cited “an uncertain macroenvironment” for the cuts.
Upside Foods, the US cultivated-chicken business, is cutting an unspecified number of jobs. The California company would not be drawn on the exact number of jobs lost, although US media reports put the count at 26. They also suggested the management team would be downsized.
A statement provided by an Upside Foods’ spokesperson read: “Upside is focused on our next chapter of scale and commercialisation. To stay agile in the face of an uncertain macroenvironment, we made adjustments to certain programmes and reduced some positions.
“We’re deeply grateful for the hard work and commitment of our departing team members and remain focused on bringing cultivated meat at scale to the world.”
Upside Foods and cultivated-meat peer Good Meat are the only US companies to so far gain regulatory approval for their products by the US Department of Agriculture, granted in June 2023.
However, in February this year, Upside Foods confirmed it was ending a foodservice contract with the Bar Crenn restaurant in San Francisco, California. The company had been serving its cell-based chicken at the fine-dining venue since July 2023 via “monthly dinner services”. It had been working with the French chef, Dominique Crenn, who manages the restaurant, to develop dishes using the product.
Asked for confirmation of when the company is likely to win regulatory approval for full commercialisation at the retail level, an Upside Foods’ spokesperson said “we’re currently going through the process”.
Just Food
Related news
Amazon brings same-day perishable food delivery to 1K cities and towns
The retailer plans to expand the service, which allows shoppers…
Read more >Danone gives Activia a glow up for Gen Z
Activia is looking to reach more consumers with a new…
Read more >Danone launches Oikos yogurt drink aimed at GLP-1 users
The product is viewed by the CPG giant as a…
Read more >Related news
The Chamber launches free training for budding entrepreneurs
The Hungarian Chamber of Commerce and Industry (MKIK), in collaboration…
Read more >Lidl Switzerland Sees ‘Record’ Growth In Cheese Exports In 2024
Lidl Switzerland saw record cheese export growth in 2024, marking…
Read more >Non-alc beer brand Heaps Normal gets Robbie Williams backing
The brand’s “core range” is being rolled out across “select…
Read more >