Redwood: 135 jobs cut
Redwood Materials announced layoffs of approximately 135 employees, representing about 10% of its workforce, as part of a restructuring effort to better align with its growing energy storage business. This decision follows a previous cut of 5% of staff just five months earlier and is framed as a move to sharpen focus and efficiency within the company. CEO JB Straubel reassured remaining employees that the company is on a strong path toward profitability.
Conservative
0
Core Estimate
20
Upper Bound
47
Sources
Redwood Materials lays off 10% in restructuring to chase energy storage business | TechCrunch
Redwood Materials lays off 10% in restructuring to chase energy storage business | TechCrunch –:–:–:– The first StrictlyVC of 2026 hits SF on April 30. Tickets are going fast. Register now. The first StrictlyVC of 2026 hits SF on April 30. Tickets are going fast. Register now. Image Credits: Redwood Materials # Redwood Materials lays off 10% in restructuring to chase energy storage business 5:37 PM PDT · April 21, 2026 Redwood Materials has laid off around 135 employees, or roughly 10% of