Blink to Reduce Headcount by 14% to Improve Operational Efficiency
BLNKBlink(BLNK) ZACKS·2024-09-19 00:36

Blink Charging Co. (BLNK) , an owner, operator and provider of EV charging stations and services, has announced that it is set to execute an operational cost reduction plan to improve its short and long-term performance, given current economic conditions. The plan involves reducing its global workforce by 14%, which is expected to generate annual savings of around $9 million. Implementation of these changes will begin immediately and is set to be completed by the first quarter of 2025. The initiative is int ...