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9h ago

Ørsted to Cut 2,000 Jobs by 2027, Starting With 500 Layoffs This Year

Ørsted says the reductions reflect a Europe-focused strategy to rightsize the business.

Offshore wind giant Orsted said its global workforce would fall from 8,000 today to 6,000 by the end of 2027

Overview

  • The company will let go about 500 employees in Q4 2025, including roughly 235 in Denmark, and target a total reduction of around 2,000 roles by late 2027.
  • Global headcount is expected to fall from about 8,000 to near 6,000 through attrition, position reductions, divestment, outsourcing, and redundancies.
  • Management says the restructuring aligns with a sharper focus on offshore wind in Europe and select Asia-Pacific markets as construction activity tapers.
  • Ørsted projects approximately DKK 2 billion in annual cost savings from 2028 once efficiency measures are fully in place.
  • A nearly EUR 8 billion rights issue will help fund priority projects, including the 924 MW Sunrise Wind in the U.S., as the company remains committed to completing an 8.1 GW construction portfolio across three continents; the CEO said the job cuts are not tied to specific U.S. projects.