
Redwood Materials has laid off around 135 employees, or roughly 10% of its workforce, as it restructures to better accommodate its growing energy storage business, TechCrunch has learned.
The cuts come just five months after Redwood cut 5% of its workforce, and three months after it closed a $425 million funding round that boosted the battery-recycling company’s valuation to north of $6 billion, as TechCrunch previously reported.
It’s been a difficult time in the battery industry lately. Earlier this month, battery recycler Ascend Elements filed for Chapter 11 bankruptcy protection, citing “insurmountable” financial challenges. Some battery makers have also restructured or gone out of business as the automotive industry in the U.S. has backed away from its most optimistic and ambitious plans to transition to electric vehicles.
But Redwood Materials founder and CEO JB Straubel told employees that this new round of cuts is not a sign that the company is heading down the same path.
“Redwood today is the strongest it’s ever been,” Straubel wrote in an email to the workers who weren’t laid off, according to a copy viewed by TechCrunch. “The materials business is well on its way to profitability and has an exciting roadmap ahead.”
Straubel noted that Redwood “continue[s] to dominate the US battery recycling market” but also touted the company’s “great momentum” in its new energy storage business. Redwood has recently announced deals with Crusoe AI and, most recently, electric automaker Rivian to provide recycled batteries that can be used to power those companies’ facilities. The company declined to comment beyond the contents of Straubel’s email.
In his message, Straubel wrote that “parts of the company have expanded faster than needed to support the direction” of Redwood. As a result, he said Redwood is making cuts across multiple divisions, including the engineering and operations organizations, according to an employee who was granted anonymity to discuss the layoffs.
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“We are confident that we can deliver on our critical projects with a smaller team that is more focused,” he wrote. “We have successfully adapted to changes in the market that have bankrupted many of our competitors.”
Straubel went on to write that he is “more excited than ever with our path ahead as we build the most integrated and cost-effective critical materials and energy storage business in the world.”
“This is a self-sustaining business and will continue to make this company more valuable over time. We have the team and the technology to do what no other company can,” he wrote.
Workers who were laid off were told by Redwood’s chief HR officer that the layoffs were made “to sharpen our focus, our work and the size of our teams to support the direction Redwood is going in the future,” according to a copy of her email, which was viewed by TechCrunch.
Employees who were laid off are receiving severance and paid health benefits, according to Straubel’s email, as well as “career transition assistance.”
“I am grateful to the approximately 135 employees who we say goodbye to today — they’ve all contributed to building Redwood,” he wrote.
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My review of some of the best portable vaporizers for dry herb. See all of my reviews here: https://vaporize.com/collections/best-portable-vaporizers
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*Venty by Storz & Bickel*
– Probably the best vaporizer overall (battery-powered portables)
– If I had to choose just one to recommend it would be this
– However, it has issues with reliability (I had to RMA)
– Works really well with dosing capsules
– Very easy to load and use
– Powerful heater w/ great battery life
– Strong vapor, good airflow, low draw resistance
*Crafty+ (S&B)*
– My #1 actual true pocket portable vaporizer
– Been my go-to when I leave home for 10 years
– Excellent form factor and ease of use
– Battery life not great (~2-3 sessions)
– Good vapor quality and potency (does the job)
*Mighty+ (S&B)*
– Larger size for two batteries, lasts 2x longer
– Faster heat-up than Crafty
– Virtually same performance (same oven)
– Oven capacity is ~0.25g (less with capsule)
– For me this one is a “cordless home vape”
*PAX Plus*
– Possibly the best portable form factor
– Very easy to use, no thinking required
– It’s a sipper, don’t need long draws
– Pure conduction heat, performance is limited
– Flavor is pretty good for first half of bowl
– Potency is medium, hard to really get ripped
*Tafee Bowle 2*
– Possibly most unique form factor, cup is functional
– A favorite among many enthusiasts
– Vapor quality is top-tier, convection heating
– Excellent flavor and smoothness
– Very free-flowing draw, low resistance
– Won’t find many complaints about the performance
*TinyMight 2*
– Very nice look & feel, good materials
– Removable 18650 battery
– Strong convection heater
– I use the Ti stem, stock glass can look dirty
– Some people dislike loading and unloading
– Potent vapor, good flavor, decent smoothness
*BAKx by Lamart*
– Very unique design, handmade in Switzerland
– Works with mod as power source
– All glass vapor path without screen
– Works with ground bud, whole nugs, and concentrates
– Great through a j-hook or glass rig
– Excellent flavor and vapor quality
– Full extraction, strong effects
*Tetra P80 by Lamart*
– Built-in mod w/ removable battery
– Unique & powerful convection heater
– Swappable stems, newer ones have built-in cooling
– Excellent vapor quality and potency
– Hard to get, might come back in future
– This and BAKx are both special pieces
*Arizer Solo 3*
– Solid build quality, nice look & feel
– Many seem to like it, but not one of my favorites
– Seems to work best as an on-demand device
– Remove stem after each draw to prevent overheating
– Great vapor production, potent effects
– Not the smoothest but it’s decent
*Xmax Roffu*
– Least expensive battery-powered portable that I recommend
– Better than any others I’ve tried around $150 or less
– Good build quality, feels nice in hand
– Thoughtful design of vapor path
– Very decent performance, just not amazing
*Dynavap*
– The OG torch-powered stem vape
– Variety of styles and sizes
– I’m showing a standard “M Plus”
– The UniDyn didn’t do it for me though
– Nice performance once dialed in
– Works great with induction heaters like the Wand
– Good vapor quality, good effects
– Efficient with small amounts
*Simrell (The Relli)*
– Most elegant, refined analog device I’ve tried
– Build quality and machining is top-tier
– Can be used with small torch or IH like Wand
– Great for microdosing, can load 0.05g up to ~.15g
– Excellent performance, 3 heating styles, pretty forgiving
– Very smooth & flavorful vapor
– Strong effects from small amounts
*Tornado by Vestratto*
– Heavy hitter, it’s pretty beastly
– Can get cooling stem or use with WPA
– Medium size torch or IH recommended
– Great vapor production, dense clouds, strong effects
– Maybe not the best for flavor chasing
– Took a few tries to dial-in but it’s worth it
*Tempest 2*
– Cool design with useful features
– Adjustable airport, indicator on cap, WPA built-in
– Medium size torch or IH recommended
– Needed some time to dial in technique
– Big clouds, strong vapor
– Sometimes not the smoothest for me
*Vapman Click*
– Unique design, quality craftsmanship
– Heat it with a single-flame torch for ~5 seconds
– Works best with small loads
– Makes an excellent morning vape
– Light but flavorful vapor
*Vaphit QoQ*
– Quartz-on-quartz design, pretty unique
– Almost 100% all-glass airpath (tiny bit of SS)
– Medium size torch recommended
– Very nice vapor signature, complex flavor
– Not super forgiving, easy to overheat
– Tricky technique but rewarding
*Frolic by Limelight*
– Looks like it could be a good performer
– Uses a single 21700 battery
– Too early to be able to recommend it
– Keeping an eye on it, will try soon
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