Blink to Lay Off 14% of Workers
Blink Charging will lay off nearly 15% of its global workforce as demand for EVs remains soft, the company announced on Tuesday. According to a release, the move—which affects about 100 people—is a “planned operational cost reduction action” as the third-largest EV charging manufacturer in the U.S. works to tackle weakening demand growth.
Blink Charging to reduce global workforce by 14% in cost-saving effort
Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle charging equipment maker tackles weaker demand.
Blink Charging to lower global personnel count by 14% as part of cost reduction plan
Blink Charging (BLNK) announces operational cost reduction plan to improve efficiency, profitability, and competitive positioning in the current
Blink Charging to Position Company for the Future by Implementing Planned Operational Cost Reductions
EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan.Bowie, MD, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co.
Blink Charging to Cut Workforce by 14% in Cost-Cutting Plan
Blink Charging said it is cutting costs across the company to adapt to the current macroeconomic landscape and will reduce its workforce by about 14%. The manufacturer of electric vehicles on Tuesday said that it expects annualized savings of about $9 million from the headcount cut, set to be completed in the first quarter of 2025.
Blink Charging To Cut 14% Of Jobs
Blink Charging Co. (BLNK) announced the implementation of its operational cost reduction plan. The plan involves a 14% reduction in the global personnel count, expected to generate annual savings of approximately $9 million.
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