Redwood Materials Reportedly Cuts 5% of Staff After $350M Raise

Redwood Materials Reportedly Cuts 5% of Staff After $350M Raise

Redwood Materials Layoffs Raise Questions After Major $350M Funding Round Redwood Materials layoffs are drawing attention across the clean-tech industry, especially as the company had just secured a massive $350 million Series E raise. Many readers are asking why a rapidly growing battery recycling company would cut jobs right after an influx of fresh capital — and what it means for the broader clean-energy sector. Early reports indicate that Redwood Materials is trimming roughly 5% of its workforce, signaling a strategic shift rather than a pullback in long-term growth plans. The layoffs come amid a competitive landscape for EV battery supply chains and a surge in demand for energy-storage solutions. Industry watchers say the move highlights the pressure on clean-tech startups to balance scale with sustainability. While Redwood Materials remains valued at around $6 billion, the restructuring has sparked fresh questions about operational efficiency. Here's what we know so far and w…