Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019.
Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said Friday in a regulatory filing.
Shares of the company, already down about 77% so far this year as the company struggles with declining sales, fell in premarket trading Friday.
The company also said Chief Financial Officer Philip Hardin stepped down from his post earlier this week.
Lubi Kutua, previously Beyond Meat's vice president for financial planning and analysis as well as investor relations, assumed the top financial role on Thursday.