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Submission + - China's Solar Industry Quietly Fired A Third Of Its Workers (zerohedge.com)

schwit1 writes: China's biggest solar firms fired nearly one-third of their workforces last year, a Reuters analysis of company filings shows, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses. Longi Green Energy, Trina Solar, Jinko Solar, JA Solar, and Tongwei collectively shed some 87,000 staff, or 31% of their workforces on average last year, according to a Reuters review of employment figures in public filings.

The job cuts illustrate the pain from the vicious price wars being fought across Chinese industries, including solar and electric vehicles, as China grapples with massive overcapacity and dismal demand (which has prompted China to dump its exports into any country that will accept them). As a frame of reference, the world produces twice as many solar panels each year as it uses, with most of them manufactured in China.

So to summarize: 5 years ago China unleashed a historic stimulus ramp to build up as much solar capacity as it could. Now, drowning in overcapacity, it is unleashing an even more historic ramp to reverse everything it did.

Comment Re:Oh holy shit (Score 2, Interesting) 89

Everyone I know who makes my equivalent AGI, except for my household, has 1+ dogs, work crazy hours, and have been told that their dogs are lonely and depressed.

Not one or two people.

EVERYONE. Dozens upon dozens of my clients, colleagues, peers, friends from grade school, etc, have a dog or two, and then they have to have someone come spend time with said dog when they're putting 10+ hours away from them.

Wag/Rover/etc is part of their crazy consumer spending. I always am shocked to hear they're spending $1000 a month on their pets.

Americans are insane about their pets. Instead of buying a dog, I invest in corporate veterinary hospitals, because it's crazy profitable.

Comment Re:Sums up the housing crisis (Score -1) 102

This is such cry-baby nonsense.

NONSENSE.

Since 2008, I have personally mentored dozens of young dudes (at no cost whatsoever, just because that's what successful people do).

I have helped poor dudes in bad neighborhoods buck up, get some side hustles, stack cash, and buy property.

You fucked yourself because you refuse to actually do someone to buy property. I don't know ANYONE, starting with even zero money, who couldn't find a nice home in just 2-3 years of saving money properly -- except the lepers in California, and fuck them anyway.

Comment Re: I know people who use Twitter (Score -1, Flamebait) 73

I would rather let Nazis speak and elect to block them myself than have an entire moderation team block everyone they disagree with.

Reddit is equally a shithole.

Heck. /. used to have a good libertarian minority and today it's nerds defending their trans kids here.

Comment Re:I'm Still Not Seeing It (Score -1) 36

I don't own a computer. I am not a programmer. I do everything from my iPhone.

In the past 10 years, I have spent tens of thousands of dollars on human programmers to create 3 web apps. Zero of them ever were finished. ZERO.

I used Grok AI to create 5 web apps. 3 of them were monetized almost immediately and have paying clients. All 5 have passed security checks that look for bugs or hack entry points.

One of the 3 monetized web apps took me all of 30 minutes using Grok, on an airplane, using my iPhone. I was able to download the files and upload them to a web server and the site was live. Literally 30 minutes and that website has created thousands of dollars of passive income.

I use vibe coding DAILY to make spreadsheets better for me and clients (I am not in IT). I use vibe coding DAILY to come up with cool functions for my web apps that people pay me to use.

Comment Re: Would anyone have noticed? (Score 0) 61

I own a tiny indie studio in Chicagoland and my peers own the some of the huge studios in Chicagoland.

Cinespace is dead right now. It has ONE show active. The other studios are so dead that they're secretly hosting bar mitzvahs and pickleball tournaments for $1500 a day just to pay property taxes.

My studio is surprisingly busy but I'm cheap and cater to non-union folks with otherwise full time jobs.

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