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

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ChargePoint (CHPT) to cut 12% of workforce in reorganizing effort

January 11, 2024 10:58 AM EST

Shares of ChargePoint Holdings (NYSE: CHPT) are trending down more than 3% in early trading Thursday morning after the EV charging solutions company announced a strategic reorganization, which includes a12% reduction in the companys global workforce.

The restructuring initiative, designed to enhance financial performance and pave the way for sustained... More