<ul><li>General Fusion, a Canadian firm, will lay off around 25% of its workforce due to unexpected financing issues.</li><li>The company, founded in 2002, is working towards commercial fusion energy using Magnetized Target Fusion technology.</li><li>General Fusion's fusion device, LM26, has achieved milestones like generating magnetized plasma but faces funding challenges.</li><li>Despite the layoffs, the firm remains hopeful to attract new investors and continue its advancements in fusion technology.</li></ul>

General Fusion lays off staff due to ‘unexpected and urgent financing constraints’

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