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,
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