Palmetto in rejig mode
US-based clean-tech unicorn lays off employees in multiple job cuts
image for illustrative purpose
San Francisco: US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown.
Some of the jobs eliminated include operations strategy managers, coordinators and warehouse managers, according to posts by affected employees on professional networking platform LinkedIn.
The undisclosed number of layoffs were implemented in September and last week, reports The Business Journals. The company had nearly 400 employees.
"Palmetto unfortunately implemented layoffs in response to the national market slowdown in one of our divisions, which is the residential solar and energy storage installations," the company said in a statement. “Palmetto did some reorganisation of the company to prepare for new innovations and services we are launching in 2024,” it added.
