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Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨misk@piefed.social⁩ to ⁨technology@lemmy.zip⁩

https://www.reuters.com/business/world-at-work/chinas-solar-giants-quietly-shed-third-their-workforces-last-year-2025-08-01/

China's solar giants quietly shed a third of their workforces last year

Archive: https://archive.ph/2025.08.04-144511/https://www.reuters.com/business/world-at-work/chinas-solar-giants-quietly-shed-third-their-workforces-last-year-2025-08-01/

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Comments

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  • DavidGarcia@feddit.nl ⁨2⁩ ⁨days⁩ ago

    automation or shrinking business?

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    • BrikoX@lemmy.zip ⁨1⁩ ⁨day⁩ ago

      Oversupply. They pushed the price so low that the government is trying to put pressure on them to normalize the prices.

      source
    • scintilla@crust.piefed.social ⁨2⁩ ⁨days⁩ ago

      Looks like there are just too many companies in general. In my non-expert opinion seems like it it was because the country was a little too gungho about making more solar so they said it would be one of the big groth areas leading to a bunch if new developments. Then because there were so many of them they started competing with eachother and driving the pices down until they were unable to continue.

      I would recommend reading the article tbh seems like good if dry information.

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