---
schema_version: "secwatch.filing_event.v1"
accession: "0001178913-24-000210"
form_type: "8-K"
ticker: "SEDG"
cik: "0001419612"
company_name: "SOLAREDGE TECHNOLOGIES, INC."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:33:30.917054+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SolarEdge announces restructuring plan cutting ~16% of workforce (900 employees)

## Summary
- Workforce reduction of ~16% (~900 employees), including 500 from manufacturing sites.
- Estimated pre-tax charges of $59M-$66M, including severance ($6M-$7M), asset impairment ($22M-$25M), and capacity costs ($31M-$34M).
- Additional charges of $36M-$41M for discontinuing light commercial vehicle e-mobility activity.
- Future cash payments of $53M-$58M; restructuring substantially completed in first half of 2024.
- Prior actions: exit Mexico manufacturing, reduce China capacity, end e-mobility activity.

## SEC filing metadata
- accession: 0001178913-24-000210
- form_type: 8-K
- ticker: SEDG
- cik: 0001419612
- company_name: SOLAREDGE TECHNOLOGIES, INC.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/0001178913-24-000210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/zk2430805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001178913-24-000210
- JSON: https://secwatch.observer/filing/0001178913-24-000210.json
- Plain text: https://secwatch.observer/filing/0001178913-24-000210.txt

## Key facts
- Restructurings & Charges
  SOLAREDGE TECHNOLOGIES, INC. announced a restructuring with charges of $36 million to $41 million affecting light commercial vehicle e-mobility activity.
  - Type: restructuring
  - Charge: $36 million to $41 million
  - Affected area: light commercial vehicle e-mobility activity
  source text: In connection with the discontinuation of the Company’s light commercial vehicle e-mobility activity, the Company expects to record aggregate pre-tax charges of $36 million to $41 million, of which $33 million to $38 million are related to inventory write-offs and non-cancelable purchase orders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/0001178913-24-000210-index.htm
- Restructurings & Charges
  SOLAREDGE TECHNOLOGIES, INC. announced a restructuring with charges of $59 million to $66 million affecting global workforce, manufacturing sites (approximately 16% of the SolarEdge global workforce, or approximately 900 employees).
  - Type: restructuring
  - Charge: $59 million to $66 million
  - Affected area: global workforce, manufacturing sites
  - Headcount: approximately 16% of the SolarEdge global workforce, or approximately 900 employees
  source text: commercial vehicle e-mobility activity. In connection with the Restructuring Plan, the Company expects to record aggregate pre-tax restructuring and asset-related charges of $59 million to $66 million, comprised of $6 million to $7 million of severance and related benefit costs (excluding stock-based compensation expense), $22 million to $25 million of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419612/000117891324000210/0001178913-24-000210-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.