<ul><li>Electric vehicle charging company, Blink Charging, is reducing its workforce by 20% to streamline operations and enhance financial stability.</li><li>The restructuring is expected to save over $11 million annually, with initial costs of up to $1.5 million for severance packages and other expenses.</li><li>The decision aims to align operations with strategic priorities under the BlinkForward initiative, addressing declining revenue and positioning for long-term growth.</li><li>This move reflects industry challenges, with Blink aiming to strengthen its competitive position, enhance innovation, and adapt to the evolving electric vehicle infrastructure market.</li></ul>

Blink Charging cuts 20% of workforce to streamline operations

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