(Photo: SolarEdge website)
Israeli solar inverter manufacturer SolarEdge Technologies announced on Sunday (Jan. 21) a strategic organizational adjustment aimed at reducing their operational costs.
The company plans to implement global workforce reduction of 900 employees, equivalent to 16% of its total workforce. The headquarters in Herzliya will be significantly affected, along with the industrial zone office in Nof Hagalil in the Northern part of the country, leading to the layoff of 550 employees. SolarEdge has a global presence, including an office in Taiwan.