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home / articles / CHPT - ChargePoint Trims Staff By 12% Aiming For $33M In Annual Savings Amid EV Charging Race | Benzinga

CHPT - ChargePoint Trims Staff By 12% Aiming For $33M In Annual Savings Amid EV Charging Race | Benzinga

ChargePoint Holdings Inc Cl A

Electric vehicles charging solutions provider ChargePoint Holdings Inc (NYSE:CHPT) is strategically reorganizing to improve financial performance and foster sustainable growth.

The reorganization includes an approximately 12% reduction of the ChargePoint global workforce.

The decision is expected to result in about $14 million in restructuring charges, consisting of $10 million in severance and about $4 million in facility-related expenses.

Also Read: Full story available on Benzinga.com
Stock Information
Company Name: ChargePoint Holdings Inc Cl A
Stock Symbol: CHPT
Market: NYSE
Website: investors.chargepoint.com
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