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ChargePoint Restructures Amid Layoffs | Oakland News
Description
ChargePoint’s restructuring hits hard as they lay off 146 employees — about 10% of their global workforce — following a March announcement that pegged severance costs at $6 million. Though details on locations remain sparse, the company still projects strong Q2 revenue between $100M–$110M despite the cuts. With 1,440 employees worldwide and over 5,000 charging ports in the Bay Area, ChargePoint remains a major EV infrastructure player — even as its stock dips 21% this year to $5.52/share.
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