Israeli cell-based meat producer Aleph Farms has laid off 30% of its domestic workforce.
The decision comes as the company navigates the challenges of securing capital during its scale-up process.
A spokesperson for Aleph Farms told The Cell Base: "As we transition towards larger-scale production and commercialisation, we are maintaining R&D and production in Israel while expanding globally through co-manufacturers, in line with our capital-efficient and asset-light approach".
"We are adapting our organisation to align with this next growth phase, and need to part ways with approximately 30% of our local employees. We care for all affected employees and will be supporting them in the new job search."
Yesterday, Aleph Farms posted an update on social media stating: "The ability to adapt is fundamental at all levels of life, enabling us to navigate change and foster growth over time." It remains unclear whether this message directly relates to the recent restructuring. However, it highlights the company's focus on adaptation and growth.
Top image: ©Aleph Farms
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