SolarEdge has announced a company restructuring plan that includes an approximate 16% workforce reduction, or around 900 employees.
Designed to align its cost structure to current market dynamics, other cost reduction efforts include discontinuing manufacturing in Mexico, manufacturing reductions in China and termination of the company’s light commercial vehicle e-mobility activity.
“We have made a very difficult, but necessary decision to implement a workforce reduction and other cost-cutting measures in order to align our cost structure with the rapidly changing market dynamics,” says SolarEdge CEO Zvi Lando.
“We are making every effort to treat our departing colleagues with respect and gratitude for their contributions and support them in their transition. We remain confident in the long-term growth of the solar energy market and our 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, while providing best in class technology and support to our customers.”
The post SolarEdge to Reduce Global Workforce appeared first on Solar Industry.
Renewable Energy
Why Are We Doing This?
I join those who say that the human race has evolved to be tribal and selfish. We are largely indifferent to the needs of others, and the capitalist society we’ve built has only served to reenforce this.
As Tom Waits observed, “We’re monkeys with money and guns.”
Now, are there some extremely decent and kind people spread around the globe? Of course. But they tend not to be the billionaires who make all the important decisions as to the how our culture will conduct itself.
Renewable Energy
Is ir Possible that Republicans “Will Never Win Again?”
Well, never is a long time, as they say.
Yet imagine this scenario, which is quite possible:
Trump is impeached and removed. Almost immediately, there is an incredible outpouring of information on an additional set of crimes committed by Trump and his administration. Simultaneously, the U.S. morphs into a social democracy, and its people enjoy quality education, access to healthcare, and prosperity, not unlike those in Northern Europe and elsewhere around the globe.
Yes, there will always be Republicans promising mass deportations and whatever else appeals to a dwindling MAGA base, but I would think they will have one hell of a hard time winning a national election.
Renewable Energy
Republican Platform Fraught with Credibility Challenges
The GOP can say the American economy is skyrocketing. But then there’s that nasty little piece of reality that people can’t afford groceries and are suffering financially more generally.
Or they can day that people are suffering financially, but it’s Biden’s fault. Oops. Biden left office 588 days ago.
Or they can say that the war in Iran has driven up gas prices, but that will turn immediately because we’ve won the war. Yikes. What can we say about all these bombs?
Or they can say that all the racial hatred and divisiveness is Obama’s fault. No, that’s problematic, since he’s been gone for almost 10 years.
Trump supporters may not be too sharp, but even they are having trouble accepting all this crap.
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