SolarEdge Cuts 400 More Jobs In 2024: Navigating Market Woes And Inventory Challenges
SolarEdge Cuts 400 More Jobs In 2024: Navigating Market Woes And Inventory Challenges
SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading lower after the company disclosed a decision to lay off 400 employees.
SolarEdge Technologies, Inc. (NASDAQ:SEDG)的股票价格下降，该公司披露决定裁员400名员工。
The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments.
该公司表示这些裁员中有200人在以色列。此举涉及减少所有部门的人员和离散支出。
The company stated that the market downturn at the end of 2023 and early 2024 led to excess inventory in their distribution channels, temporarily lowering sales volumes as inventory clears.
该公司表示，2023年底和2024年初市场下滑导致其分销渠道库存过剩，清理库存期间销售量暂时下降。
In January this year, the company disclosed trimming 16% of the workforce to lower operating expenses and align its cost structure to current market dynamics.
今年1月，该公司披露裁减16%的员工以降低营业费用，并使其成本结构与当前市场动态相适应。
SolarEdge's business is further impacted by the slower-than-expected growth in Europe's solar industry, which has created significant uncertainty and variability in PV installation rates across different countries.
欧洲太阳能行业增长速度低于预期，进一步影响了SolarEdge的业务，在不同国家的光伏安装率中产生了重大不确定性和变异性。
In North America, the company said it is beginning to see some slight growth in installation rates.
在北美，该公司表示正在开始看到一些轻微的光伏安装率增长。
Last week, the company announced significant milestones in its U.S. manufacturing strategy, spurred by incentives from the 2022 Inflation Reduction Act (IRA).
该公司在上周宣布了其美国制造业战略的重大里程碑，受2022年通胀减缓法案的鼓励。
SolarEdge said that it has created approximately 1,500 new jobs at its Texas and Florida manufacturing facilities, with the expectation to increase this number to around 1,750 by the end of 2024.
SolarEdge表示，在德克萨斯州和佛罗里达州的制造工厂新增了约1,500个工作岗位，并有望在2024年底前将这一数字增加到约1,750个。
Also Read: SolarEdge's Q1 Results Cast Shadow With Revenue Decline, But CEO Remains Optimistic
另请参阅：SolarEdge的Q1财报结果下滑，但首席执行官仍然保持乐观
Investors can gain exposure to the stock via Invesco Solar ETF (NYSE:TAN) and Global X Solar ETF (NASDAQ:RAYS).
投资者可以通过太阳能ETF，如Invesco Solar ETF(纽交所TAN)和Global X Solar ETF(纳斯达克RAYS)获得该股票的暴露。
Price Action: SEDG shares are down 11.1% at $28.14 at the last check Monday.
SEDG股票在上周一的最后交易时段下跌11.1%，报28.14美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
Image: Andreas from Pixabay
图片：Pixabay的Andreas
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