Richmond, California-based Moxion Power, a manufacturer of mobile battery solutions, has announced its cessation of operations.
The abrupt shutdown has impacted all 248 employees, including the C-suite, seven vice presidents, 10 directors, 18 battery associates, and a number of engineers, managers, and technicians.
According to co-founder and CEO Paul Huelskamp, “I’m writing to you this morning with a heavy heart. We have not found a path that will allow us to continue operations as Moxion Power Co., and effective today, we will be closing our doors. I know many of you are still wondering how we ended up here and are questioning the decisions that were made or could have been made that might have prevented this outcome. I wish there was a straightforward answer. What I can say is that Moxion was a bold vision, and you executed it perfectly.”
This follows the previous layoff of 101 employees in July 2024. At that time, Huelskamp claimed that those layoffs were meant to align the company’s workforce with “core business objectives and current growth forecasts." Adding, “Our priority now is to support those affected through this transition while ensuring long-term stability, growth, and profitability for Moxion. We are committed to maintaining our high standards of customer service and innovation and are confident that this decision will allow us to better serve our customers and partners and position us for continued success.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?