VLTA - Volta decreases 54% of U.S. staff through furloughs other workforce reductions
- Volta ( NYSE: VLTA ) announced a decrease of 54% of U.S. full-time employees through this and other workforce reductions that began in Q2 2022.
- Inclusive of these latest efforts, this continued strategic focus will result in 43% reduction in cash SG&A, improved efficiency, and greater market alignment.
- "Volta's management team is positioning the business to capture this dynamic market opportunity while simultaneously reducing costs and growing revenue," said Vince Cubbage, Interim CEO of Volta.
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Volta decreases 54% of U.S. staff through furloughs, other workforce reductions