Beyond Meat Slashes Jobs And Suspends China Operations Amid Mixed Q4 Results; Stock Falls

Beyond Meat shares are down in premarket trading despite reporting a 4% increase in Q4 sales, reaching $76.66 million. However, the company announced significant workforce reductions, including 44 job cuts in North America and the EU, as part of its cost-cutting strategy to become EBITDA-positive by 2026.