BLNK Jan 2025 2.000 put
| Previous close | 0.5300 |
| Open | 0.4900 |
| Bid | 0.4400 |
| Ask | 0.4800 |
| Strike | 2.00 |
| Expiry date | 2025-01-17 |
| Day's range | 0.4900 - 0.4900 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.44k |
ZacksBlink to Reduce Headcount by 14% to Improve Operational Efficiency
BLNK is set to reduce its global workforce by 14% to enhance operational efficiency by optimizing company functions.
ReutersBlink Charging to reduce global workforce by 14% in cost-saving effort
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. In May, Elon Musk's Tesla had also laid off employees from its vehicle charging business, including the head of the division, taking automakers who use the Tesla Supercharger network by surprise. "The timing of these cost-cutting measures, as indicated in our last earnings announcement, is a proactive step to adapt to current market conditions while preserving our long-term strategy," CEO Brendan Jones said.
GlobeNewswireBlink Charging to Position Company for the Future by Implementing Planned Operational Cost Reductions
EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan. Bowie, MD, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that it will implement its planned operational cost reduction actions designed to position the Company for short and long-term success within current economic conditions. The cost redu
