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Layoffs, Job Cuts and Staff Reductions

Sustainability Layoffs: Who Is Cutting Green IT and Climate Technology Jobs?

June 4, 2024 by Joe Panettieri

The overall sustainability job market remains strong -- as businesses seek employees to fill green IT, renewable energy, and energy transition jobs. Still, the rising tide of green jobs will not lift all boats. In fact, some climate tech, renewable energy and sustainability-focused businesses have issued layoffs.

The anecdotal evidence: Sustainability-oriented companies and green energy business units announcing staff cuts in 2024 (so far) and 2023 have included...

June 2024 Layoffs

  • Microsoft layoffs will impact hundreds of Azure cloud services employees, Business Insider reported. We don't know if the job cuts involve Microsoft's SaaS-based sustainability software applications. The job cuts surfaced within days of job cuts at rival Google Cloud.
  • Google Cloud made sweeping job cuts, Business Insider reported. We don't know if the job cuts involve Google's sustainability software applications.

May 2024 Job Cuts

April 2024 Staff Cuts

March 2024 Layoffs

February 2024 Job Cuts

January 2024 Staff Cuts

December 2023 Layoffs

November 2023 Job Cuts

The job cut announcements included...

  • Our Next Energy (ONE) layoffs involved 25% staff cuts at the electric vehicle (EV) battery maker and energy storage company.
  • Origin Materials layoffs involved 30% staff cuts, the carbon negative materials company disclosed.
  • LG Energy Solution layoffs will impact roughly 170 employees between December 2023 and January 2024, The Holland Sentinel of Michigan reported. The business develops EV (electric vehicle) batteries for U.S. automakers. Key customers include Volvo, Stellantis, Ford and General Motors.
  • Tritium DCFC is planning layoffs and an Australia factory closure. The goal: Achieve a path to profitability in 2024, the fast-growing but money-losing electric vehicle (EV) charging technology company said.

October 2023 Staff Cuts

The job cut announcements included...

  • Bloom Energy layoffs will impact roughly 100 employees in Fremont and Sunnyvale, California, according to Silicon Valley Business Journal. Bloom Energy's flagship product -- known as an Energy Server -- is a distributed power generation platform. The fuel cell technology converts natural gas, biogas, or hydrogen into electricity without combustion, resulting in low or no CO2 emission, the journal's report said.
  • Shell layoffs will impact about 15% of the energy company's Low Carbon Solutions (LCS) employees, Reuters reported.
  • Navigator CO2 layoffs arrived amid pushback to the proposed Heartland Greenway project -- which involves a carbon capture pipeline and greenhouse gas (GHG) storage system.
  • Flexport layoffs impacted 20% of staff at the supply chain software and logistics startup. The layoffs surfaced one month after numerous executive suite changes at the company.
  • Maxeon Solar Technologies layoffs impacted roughly 15% of the solar company's global workforce.

September 2023 Layoffs

The job cut announcements included...

  • Morningstar Sustainalytics layoffs impacted roughly 10% to 12% of employees at the ESG (environmental, social, governance) data, research and ratings firm.
  • ChargePoint layoffs hit 10% of its staff and reorganized operations amid weaker-than-expected quarterly revenue guidance from the electric vehicle (EV) charging station network company.

What did we miss? Send me details about a green IT and sustainable technology layoffs (Joe@MentoreVentures.com), and we'll potentially update the timeline above.

Sustainability and Green Technology Jobs: Climate Tech Training Programs

Despite those anecdotal job cuts, demand for green jobs in the United States has grown roughly 50% since 2019, according to Lightcast.

In response, companies such as Accenture, EY, Goodwill and Microsoft have launched green jobs training programs.

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