Battery recycling firm Redwood Materials laid off approximately 135 employees. This reduction represents about 10% of its total workforce. The company stated the cuts are part of a strategic restructuring. CEO JB Straubel aims to streamline operations for its energy storage business. This follows a previous 5% staff reduction five months prior.
https://americanbazaaronline.com/2026/04/22/redwood-materials-lays-off-10-workforce-despite-6b-valuation-479440/