Redwood Materials laid off 135 employees (10% of workforce) in April 2026, its second round in five months after cutting 5% in November 2025. CEO JB Straubel wrote that "parts of the company have expanded faster than needed" with cuts spanning engineering and operations. Laid-off workers received severance, health benefits, and career transition support. COO Chris Lister and VP of Integrated Supply Chain Bradley Mayhew departed amid the restructuring.
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JB Straubel Redwood Materials no major layoffs. Battery recycling growth. Tesla alum.
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JB Straubel — Worker Treatment: SUPPORTED JB Straubel Redwood Materials no major layoffs. Battery recycling growth. Tesla alum. https://reciepts.tech/stance/916
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See all →JB Straubel was named to TIME100 Climate 2024 for building Redwood Materials into the largest lithium-ion battery recycler in North America. Redwood's proprietary process recovers up to 95% of critical minerals—nickel, cobalt, and lithium—from spent EV batteries, creating a circular battery economy. Straubel told Stanford students in February 2024 he's "taken on an activist mantle" advocating for phasing out fossil fuels. Redwood secured a $2B DOE loan and broke ground on a $3.5B South Carolina facility.