Blink Charging to cut 14% of global workforce
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 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) -- Blink Charging Co.
Blink Charging to Cut Workforce by 14% in Cost-Cutting Plan
Blink Charging said it is cutting costs across the company to adapt to the current macroeconomic landscape and will reduce its workforce by about 14%. The manufacturer of electric vehicles on Tuesday said that it expects annualized savings of about $9 million from the headcount cut, set to be completed in the first quarter of 2025.
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 14% of global workforce as part of cost reduction plan
(Reuters) -Electric vehicle charging equipment maker Blink Charging said on Tuesday it would lay off about 14% of its global workforce, as part of a cost reduction plan. The job cuts would result ...
electrive4h
Blink Charging announces major layoff wave
The US charging network operator Blink Charging has announced plans to reduce its global workforce by 14 per cent. The job ...
IndustryWeek22h
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 ...
Zacks.com on MSN2d
Blink to Reduce Headcount by 14% to Improve Operational Efficiency
BLNK is set to reduce its global workforce by 14% to enhance operational efficiency by optimizing company functions.
Yahoo Finance2d
Blink Charging Co. (BLNK)
EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan. Bowie, MD, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company ...
Morningstar3d
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) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company ...
U.S. News & World Report3d
Blink Charging to Reduce Global Workforce by 14% in Cost-Saving Effort
(Reuters) -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 ...
These Stocks Are Moving the Most Today: Intuitive Machines, Tesla, Blink Charging, Microsoft, General Mills, and More
Regardless of the size of the cut, it will be the first time the U.S. central bank has reduced borrowing costs since ...