A Swiss startup that has led the way in sucking carbon out of the air has announced plans to cut its workforce by more than 10% amid economic uncertainty and “reduced momentum” for climate tech.
The downsizing at Climeworks, the company that built the world’s first direct air capture facilities, comes one week after journalists in Iceland revealed its two flagship plants have captured far less carbon than their advertised capacity. A spokesperson said the timing of the redundancies was unrelated.
