ChargePoint’s latest downsizing intended to help stop the bleeding

ChargePoint Holdings is laying off more than 200 employees – 15% of its workforce – in its second downsizing this year. The manufacturer of electric vehicle chargers cut 12% – about 198 jobs – from its global workforce in January.

ChargePoint has been making inroads into commercial trucking and vehicle connectivity. But the financial picture of the company that went public during the SPAC frenzy remains bleak. ChargePoint shares are down more than 35% year to date through Thursday..

The latest...

https://www.freightwaves.com/news/chargepoints-latest-downsizing-intended-to-help-stop-the-bleeding

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