in Israel recently reported that SolarEdge, a photovoltaic company in the country , will carry out a new round of layoffs, planning to lay off about 200 people worldwide. This includes 50-60 employees in Israel. According to
the media, this is a measure taken by SolarEdge to further reduce costs.
It is worth noting that this is the fifth layoff of the company in the past three years. In 2024 alone, three layoffs were implemented, with a total of 1800 people laid off. In January
2024, SolarEdge announced plans to lay off nearly 16% of its global workforce, involving about 900 employees ; In July of the same year, SolarEdge announced that it would lay off another 400 people , including 200 at its Israeli headquarters; Only four months later, in November 2024, the company will continue to lay off about 500 people as it will close its energy storage business in Korea and plan to sell assets related to the energy storage sector;
By January 2025, SolarEdge announced that it would lay off another 400 employees to streamline operations and improve efficiency. So far
, SolarEdge has laid off 2400 employees . This reflects that the company is currently facing greater operational challenges. In the
second quarter of this year, SolarEdge achieved revenue of about $346 million, an increase of 11.5% over the previous quarter and 19.6% over the previous year, and a net profit loss of about $31 million.
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