Enphase Energy announces plans to restructure its operations, reducing its global workforce by 17% – approximately 500 employees and contractors – and closing its contract manufacturing site in Mexico.


Enphase Energy will cut 17% of its workforce and stop production in Mexico – pv magazine USA

Extract from pv Global magazine

Enphase Energy has revealed plans to cut 17% of its global workforce, affecting around 500 employees and contractors in total, as part of a major restructuring effort.

The company said in a filing to the U.S. Securities and Exchange Commission that it aims to align its operations and workforce with current business needs, focusing on reducing costs and streamlining manufacturing at four sites by mid-2025.

The company announced it would streamline its operations by consolidating manufacturing at four locations and discontinuing contract manufacturing in Guadalajara, Mexico.

Despite these reductions, Enphase Energy said it plans to maintain its global microinverter production capacity at 7.25 million units per quarter.

The company said it expects to incur between $17 million and $20 million in restructuring and asset impairment charges, with most costs hit in the fourth quarter of 2024. It said it also aims to reduce its non-GAAP operating expenses to $75 million by $80 million per quarter by 2025.

In addition to workforce reductions, Enphase Energy announced the introduction of a number of cost-saving measures, including customer service automation, marketing efficiency through AI and streamlining expenses non-essential.

In July, Enphase Energy began shipping American-made IQ8P-3Ps microinverters for small-scale commercial solar installationssupporting up to 480W maximum output power.

Stocks listed on the Nasdaq of inverter manufacturers Enphase Energy and SolarEdge fell last week following US President-elect Donald Trump’s victory in the 2024 US presidential election.

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