Orsted to Cut 25% of Workforce to Ride Out Wind Sector Woes

Orsted A/S will cut about 2,000 jobs — roughly a quarter of the workforce — as the offshore-wind company narrows its focus to Europe after completing a massive share sale to shore up funds.

The Danish firm has faced a string of setbacks in the once-promising US wind market, where soaring costs, supply-chain bottlenecks and policy reversals under the Trump administration have forced a retreat. It plans to hone in on the offshore business in Europe, where it was an early pioneer of the industry late last century.