Hampton Creek Foils Alleged Employee Coup
Three senior managers at vegan food startup Hampton Creek were fired after their alleged coup attempt was uncovered. The company in May fired its chiefs of finance, operations and HR, and now three more staff members—the chief technology officer, the vice president of research and development, and the vice president of business development—have been dismissed for their alleged involvement in a plot to change the company's leadership.
Hampton Creek reportedly found out about the attempted coup from "concerned employees" and hired outside investigators who uncovered the senior managers' intentions. Their plans "never materialized," according to a statement from company representatives.
Hampton Creek has raised $239 million in funding at a valuation of more than $1 billion; however, recent funding efforts have been less successful, reports Eater SF. Full Story
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