SolarEdge to Cut 200 Jobs Globally in Fifth Layoff Round
Translated & summarized from Calcalist by baba
Israeli solar component developer SolarEdge will lay off approximately 200 employees worldwide, including 50-60 in Israel. This is the company's fifth round of layoffs in less than three years. SolarEdge employs about 2,000 people in Israel and is managed from the country, with manufacturing in the U.S. and Nof HaGalil.
The story in 5 lines · by baba
- SolarEdge will cut about 200 jobs globally, including 50-60 in Israel.
- This is the fifth round of layoffs for the Israeli company in under three years.
- The company develops components for solar energy systems.
- SolarEdge employs approximately 2,000 people in Israel.
- Management is based in Israel, with manufacturing in the U.S. and Nof HaGalil.
SolarEdge, an Israeli company specializing in solar energy components, is planning a global workforce reduction of approximately 200 employees. This round of layoffs will affect about 50 to 60 workers in Israel, out of the company's roughly 2,000 employees in the country. This marks the fifth such layoff event for SolarEdge in under three years.
The company, which is publicly traded on the New York Stock Exchange, operates its management from Israel and has manufacturing facilities in the United States and in the Israeli city of Nof HaGalil.
