Aleph Farms is undergoing further restructuring and layoffs as it faces ongoing financial challenges. The firm is shifting its operational model toward outsourcing to reduce costs and improve efficiency, while simultaneously seeking new capital. Having raised approximately $150 million since its 2017 founding, the company has significantly reduced its workforce from a peak of 140 employees to a few dozen. This transition reflects broader difficulties within the cultivated meat industry, where high production costs and the lack of commercially viable large-scale manufacturing have led to decreased investor interest. While Aleph Farms continues to pursue regulatory approvals and international commercial agreements, its future remains dependent on the success of its current fundraising efforts amidst a market environment that has become increasingly cautious.
Source: Aleph Farms cuts jobs and shifts to outsourcing as cultivated meat industry stumbles | Ctech