Green cement startup Sublime Systems has laid off two-thirds of its current workforce after President Donald Trump’s administration canceled a crucial grant that would have supported the producer’s first major manufacturing facility.
As a result of the loss of an $87 million grant from the US Department of Energy, “the company has faced compounding challenges in assembling the capital stack required to scale our operations,” a Sublime spokesperson wrote in an email. Prior to the layoffs, the company employed between 80 and 90 people.
In December, Sublime let go of 10% of its workforce and halted construction of a manufacturing ...
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