Enphase Energy will cut 17% of its workforce, affecting 500 employees, amid restructuring costs.

Enphase Energy plans to cut its global workforce by about 17%, impacting around 500 employees and contractors. This decision will result in restructuring and asset impairment charges estimated between $17 million and $20 million, with approximately $14 million expected to be recorded in the last quarter of 2021. The company is listed on NASDAQ as ENPH.

November 08, 2024
5 Articles