Israeli solar power technology company SolarEdge to lay off 400 employees

September 11, 2024

SolarEdge Technologies, an Israeli solar power technology company, said on July 15 that it will lay off 400 employees, including 200 in Israel, in an effort to restore profitability and ensure financial stability. SolarEdge said in a letter to employees that the layoffs will be carried out in all departments, including reducing the number of employees and discretionary expenses. According to the company's latest regulatory filings, as of December 31, 2023, the company has a total of 5,633 employees.

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