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“Meati Foods Appoints CFO Phill Graves as it Trims Workforce by 13%”

Ee Meati Feb20 2022
After naming Phil Graves the chief financial officer of alternative protein maker Meati Foods at the beginning of February, he is now the company’s new chief executive officer. The company also said it was reducing its workforce by 13% as Meati works to “build a financially sustainable business,” Graves told TechCrunch exclusively. Products are now in over 3,600 retail locations nationwide, including Whole Foods Market, Meijer, Cub Foods and Sprouts Farmers Market. Graves even said the company has a goal of expanding that to 10,000 locations before the end of 2024. Once fully ramped up, the facility will have the capability of producing more than 45 million pounds of product, Huggins told TechCrunch at the time.

Germany-based Pitch Announces Changes to CEO and Cuts Workforce by Two-Thirds

Christian E1704726005288
Pitch, the company behind a collaborative presentation software for businesses, is scaling back and bootstrapping, with CEO and co-founder Christian Reber stepping down and two-thirds of its employees losing their jobs. This translates roughly to 80 personnel, based on the 120 headcount figure Pitch has published on its about page. As with just about every other VC-backed startup, Pitch has clearly faced challenging times in terms of maintaining growth and keeping their investors happy. “Despite having more than 4 years of runway, we know that a sustainable path has a much higher chance of success than the path we were on,” Reber added. “Going forward, we’ll be a significantly smaller team focused on creating maximum value for our customers and driving sustainable growth.”