SolarEdge to lay off 16% of global workforce

Facebook
Twitter
LinkedIn
Reddit
Email
The layoff will be another measure to adjust its cost structure. Image: Jonathan Touriño Jacobo

Israel-headquartered solar inverter supplier SolarEdge has announced that it will lay off about 900 employees to reduce operating expenses.

The company said the workforce reduction will impact about 16% of its global workforce. Of the employees who are going to be laid off, 500 are from the company’s several manufacturing sites.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The layoff will be another measure to adjust its cost structure against the backdrop of “current market conditions”, as SolarEdge has discontinued manufacturing in Mexico, reduced manufacturing capacity in China, and terminated its light commercial vehicle e-mobility activity.

Zvi Lando, CEO of SolarEdge, said the company remained confident in the long-term growth of the solar energy market and its leading position in the smart energy space.

“These changes do not impact our strategic direction and priorities and we remain committed to continue to drive the renewable energy transformation,” he said.

SolarEdge will release further details of the layoff during the end-of-year earnings release in late February.

In November 2023, SolarEdge posted a downturn financial results for the third quarter of 2023, which it attributed to a “slow market environment, in particular in Europe”. The results were forecast in the company’s preliminary Q3 results, where it predicted Q3 revenue to be 20% lower than the original consensus, in the range of US$720-730 million. Announced Q3 revenues were down 27% sequentially to US$725.3 million, and 13% down year-on-year.

Operating loss, due to substantial unexpected cancellations and pushouts of existing backlog from European distributors during the second part of Q3 2023, was $16.7 million. This was in line with preliminary estimates within the range of US$9-28 million.

Lando said market demand began to slow in Q3 2023 and distributors began to experience financial challenges. As a result, SolarEdge received a large amount of requests to cancel or push out orders.

Read Next

September 4, 2025
The Czech national cybersecurity agency has warned that Chinese solar inverters represent a threat to the country’s data security.
September 2, 2025
Ingeteam has supplied its INGECON SUN 3Power Series C liquid-cooled central PV inverters for a 640MW solar PV plant in Texas.
September 2, 2025
SMA Solar has forecast financial losses and further restructuring measures in 2025, as it responds to falling sales and a “challenging” market for residential and commercial renewable energy installations.
August 20, 2025
US microinverter manufacturer Enphase Energy has signed a safe harbour deal to secure residential solar tax credits, the second such deal the company has made this month.
August 8, 2025
German solar inverter manufacturer SMA Solar posted losses in the first half of 2025, as demand in the residential and corporate & industrial (C&I) solar sectors 'remains weak'.
August 8, 2025
SolarEdge posted inverter shipments of 1.19GW in the second quarter of this year, alongside BESS sales of 247MWh.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines