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Enphase Energy to lay off 17% of workforce

(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, the solar inverter maker disclosed in a filing on Friday.

Enphase will also streamline its operations by focusing contract manufacturing in four existing locations – two in the United States, one in India and one in China.

The company will cease its contract manufacturing operations in Guadalajara, Mexico, it added.

This post appeared first on investing.com

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