October 9, 2025 — Orsted, the Danish renewable energy developer, said on Thursday that it would cut about 2,000 jobs, or around 25 percent of its work force, over the next two years.
The move was the latest sign of the diminished prospects for offshore wind, a low-emissions technology that Orsted helped pioneer.
“We’ll be saying goodbye to many skilled and valued colleagues,” Rasmus Errboe, Orsted’s chief executive, said in a statement.
Not long ago, Orsted looked on its way to becoming a global giant in the renewable energy industry, with a portfolio that includes high-profile projects in the United States. Now, the company suggested that it would dial back those aspirations and hunker down in its home base of Europe.