https://layoffcheck.com/companies/enphase-energy Layoff and WARN notices reported for Enphase Energy. en-us https://layoffcheck.com/companies/enphase-energy#2024-11 https://layoffcheck.com/companies/enphase-energy#2024-11-554 Mon, 11 Nov 2024 12:00:00 GMT Enphase Energy said on November 11, 2024 that it would cut approximately 500 employees and contractors, representing 17% of its global workforce, as slumping residential solar demand in both the United States and Europe forced a second major restructuring in less than a year. High interest rates had suppressed U.S. rooftop solar installations, while policy shifts and lower electricity prices weakened demand in the Netherlands and Germany. Microinverter shipments for the first nine months of 2024 fell below the company's output in Q1 2023 alone. As part of the restructuring, Enphase will also terminate its contract manufacturing operations in Guadalajara, Mexico, consolidating production across two U.S. sites, one in India, and one in China. CEO Badri Kothandaraman noted that "many large solar equipment companies and installers have faced significant cash flow issues, with some even filing for bankruptcy." The company projected one-time restructuring charges of $17 to $20 million. No severance details were publicly disclosed. https://layoffcheck.com/companies/enphase-energy#2023-12 https://layoffcheck.com/companies/enphase-energy#2023-12-1147 Mon, 18 Dec 2023 12:00:00 GMT Enphase Energy reported a workforce reduction in SF Bay Area in December 18, 2023.