Photovoltaic inverter companies lay off employees

Israel-headquartered solar inverter supplier SolarEdge has announced that it will lay off about 900 employees to reduce operating expenses. The company said the workforce reduction will.
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SolarEdge Is Cutting 12% of Its Staff After $1 Billion Writedown

2 天之前· SolarEdge Technologies Inc. is firing about 12% of its staff and closing its energy-storage unit amid a slump in the US market that prompted the manufacturer to take a $1 billion

3 FAQs about [Photovoltaic inverter companies lay off employees]

Why did SolarEdge lay off 16% of its workforce?

REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing Rights Jan 21 (Reuters) - SolarEdge Technologies (SEDG.O) said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs.

How will SolarEdge's job cuts affect its employees?

In the U.S., the Israel-based company is facing tough competition with companies such as Enphase Energy (ENPH.O) and Tesla (TSLA.O) for market share in energy storage products. Solaredge said the job cuts will impact nearly 500 employees, mainly in manufacturing positions in South Korea.

What happened to SolarEdge Technologies?

Nov 27 (Reuters) - Solaredge Technologies (SEDG.O) said on Wednesday it would shut its energy storage unit and cut workforce by about 12%, sending the shares of the solar inverter maker up 2.7% before the bell.

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