SolarEdge Technologies (SEDG) to cut 16% Staff
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SolarEdge (SEDG) stock rises after announcing 16% job cuts
January 22, 2024 6:03 AM ESTSolarEdge Technologies (NASDAQ: SEDG) announced on Sunday that it is reducing its workforce, affecting approximately 16% of its global employees, or around 900 staff members, as part of cost-cutting measures.
Shares rose 6.2% on the news.
This decision follows the company's discontinuation of manufacturing... More
