SolarEdge Layoffs 2024: What to Know About the Latest Solar Job Cuts

SolarEdge (NASDAQ:SEDG) layoffs are a hot topic on Monday as the solar energy company announces plans to cut 400 jobs. SolarEdge says that the reason for the job cuts is reduced demand for its solar power products. The company points out that demand in Europe is slowing consideringly and is a major factor behind the headcount reductions. "The downturn of the market at the end of 2023 and beginning of 2024 had led to an accumulation of excess inventory in our distribution channels. We know that as inventory ...