China's solar giants quietly shed a third of their workforces last year

Job Cuts in Solar Industry: China's major solar firms have reduced their workforces by nearly one-third due to falling prices and steep losses, with around 87,000 jobs lost as the industry faces overcapacity and weak demand.

Government Intervention Expected: Beijing is signaling plans to intervene in the solar market to control prices and reduce production capacity, as analysts predict significant cuts are necessary for companies to return to profitability amidst ongoing financial struggles.