ChargePoint Announces Reorganization to Position Itself for Long-Term, Sustainable Growth

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced a strategic reorganization designed to improve financial performance and position itself for long-term, sustainable growth. The reorganization includes an approximately 12% reduction of the ChargePoint global workforce. The reorganization is expected to lead to approximately $14 million in restructuring charges, consisting of approximately $10 millio ...