Blink Charging to cut 14% of global workforce
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 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 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) -- (NASDAQ: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner,
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.
IndustryWeek18h
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 MSN1d
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.
bovnews3d
Why Did The Benchmark Company Give Blink Charging Co (BLNK) Stock Buy Rating?
Blink Charging Co (BLNK) stock saw a modest uptick, ending the day at $1.84 which represents a slight increase of $0.06 or 3.37% from the prior close of $1.78. The stock opened at $1.81 and touched a ...
NGT News7d
Blink Collaborates with WEX in Advancing EV Charging for Mixed Fleets
Blink Charging Co., a provider of electric vehicle charging equipment and services, is collaborating with WEX to enhance the ...
Blink Charging to Host ‘CEO to Future CEO’ Fireside Chat on EV Industry Developments and Strategic Vision
Brendan Jones and Michael Battaglia will host a fireside chat, marking the first joint live discussion since announcing ...
bovnews10d
Blink Charging Co (BLNK) Stock Sees Market Value Hit $158.81 million: What Are the Implications?
Blink Charging Co (BLNK) stock saw a decline, ending the day at $1.57 which represents a decrease of $-0.09 or -5.42% from the prior close of $1.66. The stock opened at $1.66 and touched a low of ...
EVgo stock price analysis: risk/reward is very attractive
EVgo (EVGO) stock price has staged a strong comeback in the past few months as other electric vehicle companies and EV ...
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 ...