Enphase Energy to lay off 17% of workforce-January 2024-www.financetom.com

Enphase Energy to lay off 17% of workforce

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Enphase Energy to lay off 17% of workforce

Nov 9, 2024 2:20 AM

(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, the solar inverter maker disclosed in a filing on Friday.

Enphase will also streamline its operations by focusing contract manufacturing in four existing locations - two in the United States, one in India and one in China.

The company will cease its contract manufacturing operations in Guadalajara, Mexico, it added.

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