$ChargePoint Holdings Inc.(CHPT)$ lol cutting 15% workforce likely indicates the share prices will reduce by 15% or more. The business is going through negative growth and unfortunately many businesses always cut their bottom line rather than management levels. So existing employees feel the pain to deal with efficiency while top management continue to enjoy the fruits and their high salary payout. They be busy hosting meetings and thinking who else to cut so they can sustain themselves.
Modified in.2024-09-05
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