Enphase Energy Implements Workforce Reduction Plan Amid Economic Challenges
Enphase Energy, a solar company that manufactures microinverters, is planning to lay off approximately 10% of its global workforce as part of a restructuring plan. The company will also cease operations at certain manufacturing plants and resize others. Enphase has been affected by high interest rates and a decrease in demand, resulting in a decline in its stock value. The solar sector as a whole has experienced a challenging year.
