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Redwood Materials

Stable4 articles2 sourcesDernière mise à jour: 11.05.2026
Sujets associésbattery recyclingjb straubellayoffsenergy storageexecutive departurecooteslarestructuring

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Redwood Materials Lays Off 135 Employees, 10% of Workforce
ACTU
22.04.2026Résumé IA

Redwood Materials Lays Off 135 Employees, 10% of Workforce

Redwood Materials laid off approximately 135 employees, or about 10% of its workforce, as the battery recycling company restructures to focus on its growing energy storage business. The cuts follow a 5% reduction five months prior and come amid broader industry challenges, including Ascend Elements' Chapter 11 bankruptcy filing. CEO JB Straubel told remaining employees the company is "the strongest it's ever been" and emphasized momentum in energy storage.

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