EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan Bowie, MD, May 19, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK ) ("Blink" or the "Company"), a leading global owner, operator, provider, and manufacturer of electric vehicle (EV) charging equipment and services, today announced a strategic restructuring plan designed to accelerate its BlinkForward objectives, enhance operational efficiencies, and position the Company for sustained long-term growth and profitability in the evolving global market. The core of this plan includes a difficult but necessary reduction of the Company's global workforce by approximately 20%. This action is designed to streamline operations, enhance agility, and align resources with the Company's BlinkForward strategic priorities. These adjustments are anticipated to result in annualized savings of more than $11 million.