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Battery Recycler Redwood Cuts One in Ten Jobs
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Recycling specialist Redwood Materials has laid off approximately 135 employees, representing about 10 percent of its workforce, as part of a restructuring. The aim is to focus more strongly on the rapidly growing stationary energy storage business, TechCrunch reports, citing company sources. Just five months ago, Redwood had already cut around 5 percent of its jobs. Around three months ago, the company, led by former Tesla CTO J. B. Straubel, s…
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