Vegan Egg Maker Eat Just Cuts Jobs After Raising Money (1)

Eat Just Inc., a closely held maker of cultivated chicken and plant-based eggs, has dismissed roughly 40 employees, less than a month after raising $16 million, according to people familiar with the matter.

“We took steps this week to reduce costs for the purpose of Just Egg sales covering the company’s operating expenses sooner, and that means parting with some members of the team whom we will miss greatly,” a company spokesperson told Bloomberg via email. The spokesperson declined to say what part of the company was affected.

Neither side of Eat Just’s business makes money, and the ...