PosiGen Lays Off Hundreds of Employees
Listen to today’s episode here, or on:* YouTube* Apple Podcasts* SpotifyPosiGen Halts Most Operations What’s new:Residential solar installer PosiGen has ceased most U.S. operations, laying off nearly all of its roughly 500 employees nationwide (though the exact number hasn’t been confirmed). They attributed the move to “significant financial difficulties,” including a missed interest payment that triggered a lender cash freeze and default notice. The company says it’s seeking new capital or a sale; failing that, it will shut down entirely. Why it matters:PosiGen focused on low- to…
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