Chargepoint Holdings Inc. (CHPT) plans 12% reduction of global workforce

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ChargePoint Announces Reorganization to Position Itself for Long-Term, Sustainable Growth

January 10, 2024 4:07 PM EST

CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced a strategic reorganization designed to improve financial performance and position itself for long-term, sustainable growth. The reorganization includes an approximately 12% reduction of the ChargePoint global workforce.

The reorganization is expected to lead to approximately $14 million in restructuring charges,... More