Solaredge Technologies layoffs, on the record
Every job cut, severance charge and restructuring Solaredge Technologies reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 5,633 to 3,576.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 5,633 | December 31, 2023 |
| 10-K for 2024 | 3,961 | As of December 31, 2024 |
| 10-K for 2025 | 3,576 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced a restructuring plan to adjust manufacturing capacity and increase operating efficiency, including ending manufacturing in Mexico, reducing manufacturing capacity in China, and discontinuing the LCV e-Mobility activity.
Word for word“In October of 2023, the Company made an announcement regarding its restructuring plans to adjust its manufacturing capacity and increase operating efficiency,including, terminating the manufacturing process in Mexico, reducing manufacturing capacity in China, and discontinuing the Company's LCV e-Mobility activity, and on January 21, 2024, the Company announced adoption of additional measures in response to challenging industry conditions, including reducing its headcount by approximately 16% over the first half of 2024 through an involuntary workforce reduction plan (together, the "Restructuring Plan").” 10-K for 2023
Our summaryAnnounced an involuntary workforce reduction plan cutting headcount by about 16% over the first half of 2024 as part of the Restructuring Plan.
Word for word“These decisions were made in order to better align the Company with current market conditions.” 10-K for 2023
Our summaryReported increased severance and related benefit costs from the Restructuring Plan within cost of revenues, plus contract termination expenses tied to the discontinued LCV e-Mobility activity and Mexico/China restructuring.
Word for word“an increase in personnel-related costs of $14.2 million, related to the expansion of our production, operations, and support headcount, which grew in parallel to our growing install base worldwide, as well as an increase in severance and related benefit costs as a result of the Restructuring Plan announced to adjust our manufacturing capacity and increase distribution efficiency, which includes termination of manufacturing in Mexico, reduction of manufacturing capacity in China, and discontinuation of the Company's LCV e-Mobility activity;” 10-K for 2023
Our summaryRecorded a higher impairment of property, plant and equipment related to the announced Restructuring Plan.
Word for word“an increase of $24.5 million in impairment of property, plant and equipment income related to the announced Restructuring Plan to adjust our manufacturing capacity and increase distribution efficiency; and” 10-K for 2023
Our summaryAnnounced a restructuring plan in October 2023 covering terminating manufacturing in Mexico, reducing manufacturing capacity in China, and discontinuing LCV e-Mobility activity.
Word for word“In October of 2023, the Company made an announcement regarding its restructuring plans to adjust its manufacturing capacity and increase operating efficiency, including, terminating the manufacturing process in Mexico, reducing manufacturing capacity in China, and discontinuing the Company's LCV e-Mobility activity, and on January 21, 2024, the Company announced adoption of additional measures in response to challenging industry conditions, including reducing its headcount by approximately 900 over the first half of 2024 through involuntary workforce reduction plans, followed by an additional involuntary workforce reduction in July 2024 resulting in the layoff of approximately 400 employees (together, the "Restructuring Plans").” 10-K for 2024
Our summaryAnnounced intent to discontinue the Energy Storage business, mainly at the Sella2 location in South Korea.
Word for word“In November 2024, the Company announced that it intends to discontinue its Energy Storage business related to the manufacture of batteries, mainly at our Sella2 location in South Korea in order to focus on the Company's core solar business.” 10-K for 2024
Our summaryReduced operations, production and support headcount, and it will be further reduced; the filing says employees in this group fell from 2,857 to 1,804.
Word for word“Our employees headcount in our operations, production and support departments has reduced to 1,804 as of December 31, 2024 from 2,857 as of December 31, 2023.” 10-K for 2024
Our summaryReduced headcount in research and development, sales and marketing and general and administrative departments; further reduction planned over the first half of 2025.
Word for word“Our employees headcount in our research and development, sales and marketing and general and administrative departments, has reduced to 2,157 as of December 31, 2024 from 2,776 as of December 31, 2023.” 10-K for 2024
Our summaryAnnounced a closure with associated headcount reduction, with almost all employees in that population to be dismissed over the first half of 2025.
Word for word“In connection with this closure and associated headcount reduction, almost all of the employee population will be dismissed over the first half of 2025.” 10-K for 2024
Our summaryAnnounced a further restructuring plan in January 2025 that includes a reduction in workforce.
Word for word“For example, in January, July, and November 2024, as well as January 2025, we announced adoption of a restructuring plan in response to challenging industry conditions, including a reduction in workforce.” 10-K for 2024
Our summaryThe company announced additional measures in response to industry conditions, including cutting headcount through involuntary workforce reductions over the first half of 2024.
Word for word“On January 21, 2024, the Company announced adoption of additional measures in response to challenging industry conditions, including reducing its headcount by approximately 900 over the first half of 2024 through involuntary workforce reduction plans, followed by an additional involuntary workforce reduction in July 2024 resulting in the layoff of approximately 400 employees.” 10-K for 2025
Our summaryThe company announced the closure of its Energy Storage Division and expected to cut headcount, mostly manufacturing staff in South Korea.
Word for word“On November 27, 2024, the Company announced the closure of its Energy Storage Division.” 10-K for 2025
Our summaryThe company announced a restructuring plan in January 2025 that included a further reduction in workforce.
Word for word“In January 2025, the Company announced the adoption of a restructuring plan, in response to challenging industry conditions, which included an additional reduction in workforce.” 10-K for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2016-06-30 | $1.8 million |
| 2017-12-31 | $3 million |
| 2018-12-31 | $4.3 million |
| 2019-12-31 | $7.3 million |
| 2020-12-31 | $10.6 million |
| 2021-12-31 | $14.2 million |
| 2022-12-31 | $17.2 million |
| 2023-12-31 | $23.6 million |
| 2024-12-31 | $22 million |
| 2025-12-31 | $16.4 million |
Solaredge Technologies filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Solaredge Technologies’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.