Strategy

Redwood Materials lays off 10% in restructuring to chase energy storage business

Battery recycling company Redwood Materials culls 10% of staff to pivot toward energy storage infrastructure, its second restructuring in five months despite a recent $425M funding round.

Wednesday, April 22, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline

Redwood Materials laid off 10% of its workforce (135 employees) to restructure around energy storage, five months after cutting 5% and three months after securing $425 million in funding at a $6B+ valuation. CEO JB Straubel emphasized the company remains strong and dominant in US battery recycling while building momentum in energy storage. Recent partnerships with Crusoe AI and Rivian highlight the strategic pivot to power infrastructure using recycled batteries.

Read original at TechCrunch

Hierarchical Multi-Persona Induction from User Behavioral Logs: Learning Evidence-Grounded and Truthful Personas

Researchers develop a method to automatically extract hierarchical user personas from behavioral logs while maintaining evidence-grounding and factual accuracy, addressing the challenge of preventing hallucinated persona traits in user models.