Blink Charging to cut 14% of global workforce
Blink Charging To Lay Off About 100 Employees To Cut Costs As EV Demand Softens
Electric vehicle (EV) charging equipment manufacturer Blink Charging Co. (NASDAQ:BLNK) said on Tuesday that it will lay off about 14% of its global workforce in an attempt to reduce operational costs.
Blink Charging to lower global personnel count by 14% as part of cost reduction plan
Blink Charging (NASDAQ:BLNK) announced that it will implement its planned operational cost reduction actions designed to position the company for short and long-term success within current economic conditions.
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 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) -- (NASDAQ: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner,
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.
Blink Charging to Cut Workforce by 14% in Cost-Cutting Plan
The plan aims to improve operational efficiencies by streamlining functions across the company, Blink Charging said. "We believe the current economic and market challenges facing the EV industry are temporary,
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