Redwood: 135 jobs cut
Redwood Materials has laid off approximately 135 employees, representing 10% of its workforce, as part of a restructuring aimed at optimizing its energy storage business. The decision comes in light of the company's strategic realignment to ensure profitability and efficiency amidst industry challenges.
Conservative
0
Core Estimate
20
Upper Bound
47
Sources
Redwood Materials lays off 10% in restructuring to chase energy storage business
Redwood Materials lays off 10% in restructuring to chase energy storage business Oops, something went wrong # Redwood Materials lays off 10% in restructuring to chase energy storage business SAN FRANCISCO, CALIFORNIA - SEPTEMBER 20: Redwood Materials Founder & CEO JB Straubel speaks onstage during TechCrunch Disrupt 2023 at Moscone Center on September 20, 2023 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch) | Image Credits:Redwood Materials " loading="eager