[STARTUPS]■ STORY TIMELINE
REDWOOD MATERIALS CUTS 10% STAFF FOR ENERGY STORAGE PIVOT
Redwood Materials is laying off 10% of its workforce as part of a restructuring effort to focus on its growing energy storage business. The battery materials company is reallocating resources to capitalize on demand in the sector.
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The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by…
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Former Tesla executive Chris Lister is retiring, and at least three other VPs have left Redwood around the recent restru…