The Fake Meat Industry Is Failing, But That Might Lead to Governments Propping It Up.

Impossible Foods, manufacturer of plant-based meat alternatives, is laying off 20 percent of its workforce. This will be the third wave of layoffs at Impossible in just the last year, and marks another wretched milestone for the beleaguered company which has continually failed to justify its own hype. The fresh round of cuts was reported on Monday by Bloomberg, citing an unnamed source. If the cuts go as deep as the source claims, around 140 of the company’s 700 staff will go. The move comes off the back of attempts to reduce the company’s headcount through voluntary buyouts. So far,