Big Tech layoffs suggest something bigger is coming: Kevin Hassett
Former Council of Economic Advisers Chairman Kevin Hassett reacts to some Big Tech giants slashing jobs, telling ‘Cavuto: Coast to Coast’ data indicates the economy is heading towards a recession.
Impossible Foods is implementing another round of layoffs as the popularity for alterative meat slips, according to a recent report.
The California-based company is cutting approximately 20% of its 700 employee workforce, Bloomberg reported, citing sources familiar with the matter.
However, voluntary separation payments and benefits were also offered to employees at the end of the 2022, according to the person.
Representatives for Impossible Foods did not immediately respond to FOX Business' request for comment.
PHILIPS CUTS 6K MORE JOBS TO IMPROVE PROFITABILITY