RegGuheert
Well-known member
Enphase announced last week on their blog that they will lay off 11% of their workforce, raise additional capital and eliminate some non-core projects:
Enphase Energy said:This week, our leadership announced a plan to restructure Enphase Energy and raise additional capital so the company is best positioned for success. These actions will enable us to focus on our core competency and our core markets.
As part of the restructuring, Enphase is reducing our worldwide staff by approximately 11% and eliminating certain non-core projects. The restructuring actions are expected to be completed in the fourth quarter of 2016.