The explosive growth of Esports has led to a rise in professional gamers, but as the industry faces stagnation, concerns about the long-term prospects are emerging. Once seen as the next NBA, Esports is now facing questions about its financial viability. This article explores the origins of competitive gaming and examines the factors that have contributed to the recent decline in enthusiasm for the industry.
SunPower (Nasdaq: SPWR) has announced that it will be winding down its residential solar installations and laying off 1,000 employees. The company, which is one of the largest residential solar installers in the US, has struggled financially in recent months and defaulted on a credit agreement in late 2023. The layoffs will reduce SunPower’s workforce by approximately 20%. Going forward, the company plans to focus on its dealer network and installation partners, as well as its new homes business. SunPower’s announcement is a blow to the US residential solar industry and comes amidst a challenging time for the sector.
