SolarEdge's workforce strategy from 2020 through early 2025 has been characterized by substantial contraction, reflecting a challenging operational environment. The company initiated significant personnel reductions, totaling 1,800 positions across multiple tranches. These strategic adjustments were primarily driven by a concerted effort to trim operating costs and navigate an industry-wide downturn. Early 2024 saw 900 roles eliminated as the firm discontinued manufacturing in Mexico, reduced capacity in China, and terminated its light commercial vehicle e-mobility activities. Further restructuring in late 2024 involved 500 cuts, predominantly manufacturing roles in South Korea, following the closure of its energy-storage unit. The trend continued into early 2025 with an additional 400 positions impacted as part of ongoing restructuring efforts amid persistent market pressures. The latest reported actions in January 2025 underscore a sustained focus on operational efficiency and cost optimization in response to prevailing market conditions.
