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The layoffs — which could include up to 800 jobs in the U.S. and Canada and up to 20% of positions at its corporate headquarters — were announced to employees last week in emails and virtual meetings, the paper reported.
During the past three years, the company has been secretly developing a 13,000-square-foot plant where it can produce thousands of pounds each month of the protein, which can serve as a beef, chicken or seafood substitute.
The market insight firm's annual Pacesetters report on the year's most successful new items reflected several pandemic trends, including increasing alcohol consumption and stockpiling sweet and salty snacks.
The investment in Frito-Lay's Rosenberg, Texas, facility will create 160 jobs and add two manufacturing lines for Funyuns and tortilla chips, as well as increase warehouse capacity.
With protein demand soaring, companies like Tyson Foods are offering employees better benefits and flexible hours as they consider wider use of automation throughout their businesses.
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