Reported about 1 month ago
ChargePoint Holdings, the US's largest electric vehicle charging network, is planning to reduce its workforce by 15% after failing to meet revenue expectations. The company anticipates that this workforce reduction will save approximately $41 million in operating expenses. Following the announcement, ChargePoint's shares fell by 8.8%. This is not the first instance of layoffs for ChargePoint, having already cut 10% of its workforce last September and additional layoffs earlier in the year.
Source: YAHOO