Enphase Energy Layoffs
November 2024
Enphase Energy announced a layoff affecting 500 employees (17% of its workforce) in November 2024. The company operates in the Energy sector.
500
17%
Nov 11, 2024
About
Enphase Energy, a leading solar microinverter manufacturer, laid off approximately 10% of its workforce in December 2023, affecting around 350 employees out of a total of roughly 3,500. The company, operating in the renewable energy industry, implemented these cuts as part of a restructuring plan to reduce operating costs and align with softening market demand, particularly in the U.S. residential solar sector. This move reflects broader industry challenges, including high interest rates and policy changes, impacting the scale of operations for this publicly traded clean technology firm.
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