Posted on August 03, 2022
Goleta-based Apeel Sciences will lay off an unspecified amount of workers and downsize its operations after years of continued growth that took it past a valuation of $2 billion in its last funding round.
In a statement provided to the Business Times on July 11, an Apeel spokesperson said the company is “working tirelessly to support those impacted during their transition.”
“Over the past 30 months of commercialization, we’ve gained valuable insight into how to best deliver plant-based protection to suppliers, retailers, and consumers and have determined that there are areas of our business where we have the opportunity to operate more effectively,” the company’s statement read. “We have made the difficult decision to streamline our operations in these areas to best position us to accomplish our mission to reduce food waste by sustaining our business long into the future.”
The employees subject to layoffs were notified on July 11, Apeel said, “and in most cases, the changes will be effective immediately.”
https://discord.gg/GUPad7ETad