Blink Charging to reduce global workforce by 14% in cost-saving effort


FILE PHOTO U.S. Energy SecretarynbspJennifer Granholm views a Blink charging station on a visit to the Washington Auto Show in Washington U.S. January 25 2023.  REUTERSJonathan ErnstFile Photo

FILE PHOTO: U.S. Energy Secretary Jennifer Granholm views a Blink charging station on a visit to the Washington Auto Show in Washington, U.S. January 25, 2023. REUTERS/Jonathan Ernst/File Photo

(Reuters) -Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle charging equipment maker tackles weaker demand.

Higher borrowing costs and a growing consumer preference for gasoline-electric hybrids have dampened EV sales, putting pressure on makers of both electric vehicles and the associated charging infrastructure.


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