Global Layoffs 2024 green energy firm SolarEdge to reduce workforce across globe

Companies all over the world are facing adverse economic conditions. In the changed circumstances, many big companies are also having to adopt measures to reduce costs. For this reason, instead of slowing down in the new year, the pace of layoffs is increasing.

These famous companies have done layoffs

Only the first month of the year 2024 is going on and only three weeks have passed. During these three weeks, many renowned and big companies have announced layoffs of their employees. Names of companies like Google and Amazon are included in the announcement of layoffs. Thousands of employees have been thrown out of Google. Apart from its streaming platform Twitch, Amazon is also reducing staff in the Prime unit.

Solar Edge made this announcement

Now Solar Edge Technologies, a global company in the green energy sector, has announced layoffs. The company said on Sunday that it is trying to reduce its costs. Under this, it is going to reduce the number of its employees globally. Employees from Mexico to China will be affected by this layoff of the company.

Impact on the jobs of so many employees

Solar Edge has said it will cut its global workforce by about 16 percent. About 900 employees of the company in different countries of the world are going to be affected by this layoff. The company has earlier announced to stop manufacturing in Mexico, reduce manufacturing in China and close its operations related to light commercial vehicles.

The CEO of the company gave this reason

Company CEO Zvi Lando says that the decision to lay off employees was difficult, but it had become necessary. He said that in order to adjust the cost structure according to the rapidly changing market conditions, it had become necessary to implement various cost reduction measures including reducing the number of employees.

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