Redwood Materials lays off about 10% in restructuring, shifts focus to energy storage
Redwood Materials announced a restructuring in late April 2026, cutting about 10% of its workforce, or roughly 135 employees, and redirecting more resources toward its energy storage business. All three sources confirm the layoff percentage, scale, and strategic shift; there are slight differences in how they describe the reason, but no source provides verifiable details beyond the text.