SolarEdge Technologies (SEDG) to cut 16% Staff

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Go back to SolarEdge Technologies (SEDG) to cut 16% Staff

SolarEdge Announces a Global Workforce Reduction

January 21, 2024 11:48 AM EST

MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (SolarEdge) (NASDAQ: SEDG), a global leader in smart energy technology, announced today a restructuring plan that includes workforce reduction designed to reduce operating expenses and align its cost structure to current market dynamics.

The workforce reduction impacts approximately 16% of the SolarEdge global workforce, or approximately 900 employees, of which... More