SolarEdge Technologies, Inc. is a company that developed DC optimized inverter systems as well as solar power systems. It was founded in 2006 and is headquartered in Herzliya, Israel.
According to reports, SolarEdge has announced plans to lay off 400 employees to restore profitability and ensure financial stability, as the company reported a net loss of $157 million USD in the first quarter of 2024.
The report further mentions that the layoffs were a result of a decline in the market, which led to excess inventory in the solar industry, particularly in Europe, and will affect 200 employees in Israel.
