Location: Latham, New York, USA.
Based on news reporting.
Plug Power, Inc. has announced layoffs affecting approximately 100 employees as part of a restructuring effort to address valuation concerns and balance its operations. The layoffs are part of a broader strategy to streamline the company while managing its European project and new share issuance. The affected employees are primarily based in Latham, New York. This decision comes in the wake of ongoing challenges in the hydrogen fuel cell market, prompting the company to reassess its workforce and operational strategies.
Plug Power, Inc. cut 100 jobs as of October 1, 2023.
LayoffTalk has tracked 7 layoff events at Plug Power, Inc. since October 2023, affecting a combined 957 employees.
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