(AOF) – Beyond Meat, the vegan agri-food group, has revised down its forecast for annual turnover due to the acceleration of inflation and announced the loss of around 200 jobs, or 19% of its workforce. The group lost more than 10% before the market. The California-based firm expects revenue for the full year to be in the range of around $400-425 million, down from previous forecasts of between $470-520 million. dollars.
Part of the reason for the slowdown in demand is that consumers are looking for more economical options to deal with rising prices.
“We are significantly reducing spending and focusing on a set of key growth priorities,” Chief Executive Ethan Brown said.
The layoffs are expected to save about $39 million over the next 12 months.
Beyond Meat, which had about 1,100 employees at the end of last year, expects the downsizing to be complete by the end of the year.
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Out of the crisis for the cruise
The recovery is tangible in Europe. MSC Cruises, the leading European company, resumed operation of its entire fleet in June, i.e. 19 cruise ships – including 14 in the Mediterranean. Similarly, the Costa group, a subsidiary of the American cruise giant Carnival, should operate all of its liners (24 in number) by the end of the year. On the other hand, China remains on the sidelines of the general movement, due to its extremely restrictive health policy. The Cruise Lines International Association (CLIA) expects the industry to return to its 2019 record traffic of a total of 32 million cruise passengers by the end of 2023.