The Mercury News reports that Sungevity, an Oakland-based renewable energy company, has filed for Chapter 11 bankruptcy protection. According to the report, Sungevity has laid off several hundred employees and now plans to sell itself off to Northern Pacific Group, a venture capital company firm based in Minnesota. This sale can only go through with approval from a bankruptcy court.
During some point in time, you may lose a job or someone close to you may lose their job, and it has a significant impact on your lifestyle. Almost everyone will lose a job. There are many factors that lead to someone losing their job. The company can lay off workers because they are hemorrhaging money, the corporate office ordered the company to outsource operations overseas, or simply, the business just shut down because it was operating at a loss for quite some time.