Tag

Project Cancellations

All articles tagged with #project cancellations

business2 days ago•7 min saved

US clean energy booms even as policy uncertainty slows manufacturing

Q1 2026 saw 54 new large-scale renewable projects totaling more than $18 billion and adding over 12 GW of generation and storage, signaling a robust build-out as developers push to beat looming incentive changes; however, 38 projects were canceled in the period, removing about $13 billion in potential investment and thousands of jobs, highlighting policy uncertainty's chilling effect on financing—especially for EV and battery manufacturing—while grid/transmission manufacturing remains steadier and overall electricity demand climbs.

via Electrek|

#business #clean-energy #e2-clean-economy-works

energy11 months ago•8 min saved

Green Energy Initiatives Face Setbacks Amid Political and Market Challenges

The US green hydrogen industry, once poised for a billion-dollar boom, has largely collapsed due to delayed tax credit guidance, rising costs, and lack of industrial buyers, with only small-scale projects remaining viable and major companies canceling plans amid economic and regulatory uncertainties.

via Canary Media|

#energy #green-hydrogen #industry-collapse

business1 year ago•2 min saved

People Can Fly Cancels Multiple Projects Amid Team Downsizing

People Can Fly has canceled two projects, Project Gemini and Bifrost, and is scaling down its teams due to lack of publisher communication and financial challenges, leading to layoffs and studio restructuring.

via Eurogamer|

#business #game-development #industry-impact

business-gaming2 years ago•1 min saved

Take-Two to Cut Staff by 5% and Cancel In-Development Projects

Take-Two Interactive, the publisher of GTA 6, is laying off around 5% of its workforce, or approximately 579 employees, and canceling multiple in-development projects. This decision is part of a cost reduction program, with expected charges of $160 to $200 million. Despite previous claims of no plans for layoffs, the company is streamlining its organizational structure and eliminating projects. The layoffs come amidst the company's efforts to optimize expenses and prepare for the release of GTA 6 in 2025, following its recent acquisition of Gearbox and struggles in the mobile gaming sector.

via IGN|

#business-gaming #cost-reduction #gta-6

business2 years ago•0 min saved

"Take-Two (TTWO) Cuts Costs by Firing 5% of Staff and Dropping Projects"

Take-Two Interactive Software, the company behind Grand Theft Auto, is set to lay off 5% of its workforce and cancel several projects in a cost-saving initiative, expecting expenses of up to $200 million, including $140 million from canceled projects and $35 million in employee-related costs.

via Bloomberg|

#business #cost-cutting #layoffs