Скачать или смотреть ☀️ SolarEdge layoffs: SUNSETS 🌄 on 900 Employees! SHOCK the Solar Industry!

SolarEdge Technologies has announced plans to cut approximately 16% of its global workforce, affecting around 900 employees. The decision comes as part of the company's efforts to reduce operating costs following the discontinuation of manufacturing in Mexico, capacity reduction in China, and the termination of light commercial vehicle e-mobility activities. The restructuring and asset-related charges associated with these actions are estimated to be between $59 million and $66 million and will be recorded in the fourth quarter of 2023. The move reflects SolarEdge's response to changing market dynamics and weak demand for its solar inverters, as well as challenges in the solar energy sector globally.

NEWS Source:- https://www.reuters.com/technology/solared...

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Company Profile:-

Founded:- 2006
Industry: Energy, Renewable Energy, Solar
Location:- Herzliya, Tel Aviv, Israel
Total Funding:- $96.8M
Company Stage:- Public
Founders:- Amir Fishelov, Guy Sella, Lior Handelsman, Meir Adest, Yoav Galin
Website:- www.solaredge.com

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