Generate Capital PBC, an investment firm that has raised more than $14 billion since 2014 to bankroll largely US-based sustainable projects, has cut staff as the withdrawal of US policy support upends the clean energy investing landscape.
The majority of job cuts were in administrative and corporate operation positions, said Tina Wadhwa, a spokeswoman for San Francisco-based Generate. Dozens of people were impacted, according to a person familiar with the matter. The company declined to comment on the number of layoffs and said it currently employs 200.
Generate Capital Cuts Staff Amid Downturn in Climate Finance
