EnergyUS

Aurora Solar Layoffs

January 2024

Aurora Solar announced a layoff affecting 111 employees (20% of its workforce) in January 2024. The company operates in the Energy sector.

People Affected

111

Percentage

20%

Announced Date

Jan 30, 2024

About

Aurora Solar, a software startup in the solar industry, laid off 20% of its workforce, affecting about 100 employees out of a total of approximately 500, on January 30, 2024. This decision came after the company reportedly missed its growth targets over the past year, attributed to broader macroeconomic challenges such as higher interest rates and regulatory changes like California's NEM 3.0, which reduced incentives for solar power. The layoffs follow a smaller round in November, reflecting ongoing adjustments in the face of shifting market dynamics and demand.