EnergyUS

Moxion Power Layoffs

July 2024

Moxion Power announced a layoff affecting 248 employees (100% of its workforce) in July 2024. The company operates in the Energy sector.

People Affected

248

Percentage

100%

Announced Date

Jul 29, 2024

About

Moxion Power, a California-based manufacturer of mobile battery energy storage systems, laid off approximately 50 employees in early 2024, representing about 12% of its workforce. The company, which operates in the clean energy and industrial technology sector, cited a strategic restructuring to extend its financial runway and focus on key commercial and manufacturing priorities amid broader market challenges. This reduction follows significant prior growth and investment in the company.