Solaredge announces a global workforce reduction

Milpitas, calif.--(business wire)--solaredge technologies, inc. (“solaredge”) (nasdaq: sedg), a global leader in smart energy technology, announced today a restructuring plan that includes workforce reduction designed to reduce operating expenses and align its cost structure to current market dynamics. the workforce reduction impacts approximately 16% of the solaredge global workforce, or approximately 900 employees, of which approximately 500 are from the company's various manufacturing sites.
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