Chinese companies like Longi and Lingda are facing challenges in the solar industry, with Longi planning to lay off about 5% of its employees, potentially affecting around 7,500 people. Additionally, Lingda has terminated plans to build a new $1.3 billion cell production plant due to industry overcapacity. In the entertainment sector, CAA, the Mets, and Epic Records have also undergone layoffs, impacting less than 20 people at CAA, 25 members of the Mets' business operations staff, and around 15 individuals at Epic Records.
Music Industry Moves: Around 15 People Laid Off at Epic Records https://t.co/2gjlgyaYkR https://t.co/w7nKFMShhU
Chinese Solar Manufacturer Cancels US$1.3 Billion Factory - Bloomberg https://t.co/UfSf75A10l
Chinese solar manufacturer Lingda terminates plans to build a new $1.3 billion cell production plant as severe overcapacity threatens a wave of bankruptcies and consolidations in the industry - Bloomberg
Chinese Solar Manufacturer Cancels $1.3 Billion Factory - BBG https://t.co/ucsJ9lSVU1
Chinese solar manufacturer Lingda terminates plans to build a new $1.3 billion cell production plant as severe overcapacity threatens a wave of bankruptcies and consolidations in the industry https://t.co/WZxzP6f2SN
Change and turbulence are continuing for the Mets as the team laid off about 25 members of its business operations staff Tuesday, sources confirmed to FOS. @AEricFisher has more ⬇️
CAA Undergoes Layoffs In Talent & Other Departments https://t.co/1AuKInQQEh via @Deadline
The latest installment in Deadline’s series Hollywood Contraction examines the impact of the current industrywide cost-cutting trend on entertainment executives, with one pro estimating about 20% of the VP-and-above workforce is out of work — with legal, marketing and development… https://t.co/5Imv0aYrky
EXCLUSIVE: There have been more layoffs at CAA today. According to sources, less than 20 people were impacted and all have already been notified. They are said to be across a handful of departments https://t.co/fGGNO1qfr5
The move may include laying off around 7,500 people, according to a new report. https://t.co/qFylEftNO6
China's Longi says it will lay off about 5% of employees https://t.co/NJQIyR8oJW https://t.co/4W45TzgNTd