Redwood Energy pivots to energy storage market, lays off 10% workforce
The company trims about 135 roles after its recent funding, aiming to streamline operations while expanding its energy storage business and customer partnerships
Redwood Materials has laid off about 135 employees, or approximately 10% of its workforce, as part of a restructuring effort intended to better accommodate its growing energy storage business, according to a report by TechCrunch on April 21.
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