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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 (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 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 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,
13h
Blink-182 Lands Half A Dozen New Hit Songs On The Same Chart
Six of the songs on Blink-182's One More Time… Part-2 debut on Billboard's Rock Digital Song Sales chart this week, including ...
5h
on MSN
Zoë Kravitz's ‘Blink Twice' #1 on PVOD After Only Reaching #4 in Theaters
"Blink Twice" (Amazon MGM), actress Zoë Kravitz's feature directorial debut with Channing Tatum as a tech billionaire who ...
Fleet Equipment Magazine
2d
Blink, WEX partner on EV charging for mixed energy fleets
With Blink Charging now part of WEX’s network, commercial drivers will have greater access to reliable and convenient EV ...
3d
Blink-182 Is Enjoying Their Best Week Ever On Multiple Charts
Blink-182 debuts half a dozen brand new songs on a pair of charts in the U.K. this week, with tracks like “Take Me In” and ...
Opinion
Dread Central
7d
Opinion
‘Blink Twice’ and the Dangerous Evolution of Cancel Culture [Fatal Femmes]
Jenn Adams looks at Zoe Kravitz's film 'Blink Twice', its examination of a post-#MeToo world, and the aftermath of ...
7d
Blink-182's Mark Hoppus Announces Upcoming Memoir
Blink-182's Mark Hoppus announces his upcoming memoir titled 'Farenheit-182.' The book is slated for publication in April ...
USA Today
9d
Iowa football can be really good, really bad in a blink. Hawkeyes must find consistency.
IOWA CITY — Presented with the claim that Iowa football’s highs in 2024 have been really high and the lows have been really ...
11h
Austin City Limits Festival 2024: Where to buy tickets to see Dua Lipa, Chappell Roan, blink-182
Austin City Limits music festival offers something unique - it is held over two weekends. The festival will be held Oct. 4-6 ...
3d
New Movies on Streaming: ‘Blink Twice,’ ‘Slingshot,’ and More
There are loads of great new films on demand, all of which have arrived just in time for this weekend. First up. Channing Tatum leads a killer ensemble in the new Zoe Kravitz film Blink Twice, while ...
1d
BBC Strictly Come Dancing star injured on live show in blink-and-you-miss it moment
Don't miss... Strictly fans 'work out' real reason for Kai Widdrington snub in BBC exit fear [LATEST] He shared a clip to his ...
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