Blink Charging To Lay Off About 100 Employees To Cut Costs As EV Demand Softens
These Stocks Are Moving the Most Today: Intuitive Machines, Tesla, Blink Charging, Microsoft, General Mills, and More -- Barrons.com
Blink Charging plans to globally reduce its workforce by approximately 14% to cut costs.
On September 18th, the US electric vehicle charging service provider, Blink Charging, stated that as part of its cost reduction plan, the company will lay off approximately 14% of its workforce globally to address the issue of weak demand from electric vehicle charging equipment manufacturers. In a statement, the company indicated that the layoffs will be completed in the first quarter of 2025, saving approximately $9 million in costs.
Express News | Blink Charging to Position Company for the Future by Implementing Planned Operational Cost Reductions
Is Blink Charging (BLNK) The Best EV Charging Stock To Invest In?
South America Electric Vehicle Charging Infrastructure Market Analysis 2024, Featuring ChargePoint, Blink Charging, EVBox, Tesla, Enel X Way, ABB, Efacec and Delta