Redwood Materials reportedly cuts 5% of staff after $350M raise
NeutralArtificial Intelligence
- Redwood Materials, a battery recycling and cathode production company founded by former Tesla CTO JB Straubel, has reportedly reduced its workforce by 5% following a $350 million funding round. The company is now utilizing recycled battery materials to develop energy storage solutions specifically for AI data centers.
- This staff reduction may indicate a strategic shift within Redwood Materials as it seeks to optimize operations and focus on its new initiatives in energy storage. The move highlights the growing importance of sustainable practices in the tech industry, particularly in supporting the infrastructure for AI technologies.
— via World Pulse Now AI Editorial System


