Twelve Reduces Workforce by Nearly 50% Amid Struggles with Sustainable Aviation Fuel Production
Sustainable aviation fuel startup Twelve has cut its workforce by nearly 50%, laying off 170 employees in two rounds due to challenges in establishing its first commercial production facility. The recent layoffs, which included 76 workers, follow an earlier reduction of 94 staff, as the company navigates policy changes and rising development costs impacting its carbon capture and conversion business model. A spokesperson emphasized that these layoffs are part of necessary structural adjustments in response to market conditions.
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Sustainable aviation fuel startup Twelve has laid off 170 employees, nearly half its workforce, in two rounds of layoffs as it faces challenges in completing its first commercial production facility. The most recent layoff, affecting 76 workers, occurred at the end of October, following an earlier reduction of 94 staff in December 2024.
The company is grappling with policy changes that have impacted its business model, focusing on converting captured carbon dioxide into low-emissions jet fuel. Twelve's spokesperson noted the layoffs are part of necessary structural changes amidst market forces and development costs.
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