Blink Charging to Cut 20% of Workforce

Dow Jones

May 19, 2025

By Colin Kellaher

Blink Charging plans to shed about 20% of its workforce as part of a restructuring aimed at streamlining the electric-vehicle charging company's operations and aligning resources with its strategic priorities.

Blink on Monday said it expects to achieve annualized savings topping $11 million, adding that it will incur between $1 million and $1.5 million of related restructuring costs.

The Bowie, Md., company, which has nearly 600 employees according to data from FactSet, said it expects to complete the job cuts by the end of September.

Blink last September unveiled plans to cut 14% of its staff in a move aimed at generating $9 million in annual savings.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 19, 2025 08:30 ET (12:30 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4096","symbol_name":"电气部件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536681291","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536681291","pubTimestamp":1747657800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Blink Charging plans to shed about 20% of its workforce as part of a restructuring aimed at streamlining the electric-vehicle charging company's operations and aligning resources with its strategic priorities.Blink on Monday said it expects to achieve annualized savings topping $11 million, adding that it will incur between $1 million and $1.5 million of related restructuring costs.The Bowie, Md., company, which has nearly 600 employees according to data from FactSet, said it expects to complete the job cuts by the end of September.Blink last September unveiled plans to cut 14% of its staff in a move aimed at generating $9 million in annual savings.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4096":"电气部件与设备","BLNK":"Blink Charging","BK4542":"充电桩"},"translate_title":"Blink Charging将裁员20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLNK":1},"content_text":"By Colin Kellaher \n\n\n \n\n\nBlink Charging plans to shed about 20% of its workforce as part of a restructuring aimed at streamlining the electric-vehicle charging company's operations and aligning resources with its strategic priorities. \n\n\n  Blink on Monday said it expects to achieve annualized savings topping $11 million, adding that it will incur between $1 million and $1.5 million of related restructuring costs. \n\n\n  The Bowie, Md., company, which has nearly 600 employees according to data from FactSet, said it expects to complete the job cuts by the end of September. \n\n\n  Blink last September unveiled plans to cut 14% of its staff in a move aimed at generating $9 million in annual savings. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 19, 2025 08:30 ET (12:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}