CHPT - What's Going On With ChargePoint Stock Thursday? | Benzinga
ChargePoint Holdings Inc (NYSE:CHPT) shares are trading higher Thursday after the company announced a reorganization to position itself for long-term growth.
What Happened: After the market close on Wednesday, ChargePoint announced a reorganization that includes a 12% workforce reduction.
The company anticipates $14 million in restructuring charges, including $10 million in severance-related expenses and $4 million in facility-related expenses. However, ChargePoint expects the changes to result in annual operating ...