By Eric Pfanner
Beyond Meat Inc. shares tumbled after the maker of alternative burgers lowered its full-year sales outlook and said it will cut about a fifth of its global workforce, including several top executives.
The company, which has been hit by a shift away from plant-based eating as inflation surges, said it now sees net revenue of $400 million to $425 million. That’s down from previous guidance of $470 million to $520 million.
Beyond Meat also said it’s cutting about 200 jobs, or roughly 19% of its workforce. It also announced the departure of its chief operating officer,…
