Blink Charging Director Sells Over $43k in Company Stock
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?