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 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.