Enphase Energy to lay off about 160 employees (updated)

Enphase Energy

23/01/2026 21:26

Adds details in paragraphs 2 and 3

Jan 23 (Reuters) - Enphase Energy ENPH.O said on Friday it will cut roughly 160 jobs, or less than 6% of its workforce, and move certain functions to lower-cost regions as part of a plan to streamline operations and improve profitability.

The company estimates total restructuring and asset impairment charges of about $4.6 million, with $4.2 million expected to be incurred in the first quarter.

It also expects to reduce its adjusted operating expenses to be in the range of $70 million to $75 million a quarter starting from the third quarter of 2026.

 (Reporting by Katha Kalia in Bengaluru; Editing by Alan Barona)

 ((Katha.Kalia@thomsonreuters.com;))