Most employees set to lose their jobs are located in South Korea, according to SolarEdge, and will be dismissed over the first half of 2025.

In a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), SolarEdge said it is taking these actions “as part of its execution of its commitment to focus on its core solar activities.” The company contends this decision follows others it has made to align with current market conditions, including a 16% global workforce reduction announced earlier this year and previous adjustments to its solar manufacturing capacity.