SolarEdge announces workforce reduction of approximately 400 employees, citing prolonged market downturn

SOLAREDGE TECHNOLOGIES, INC.

Workforce reduction of about 400 employees, including 200 in Israel, across all departments.
Second layoff within a year; cites prolonged market downturn, excess inventory, and slower European PV installations.
Reducing discretionary spending and taking measures to cut cost structure and restore profitability.
Key focus areas: improve customer satisfaction, deliver next-gen inverter/battery solutions, and ensure financial stability.

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