The Campbell-based EV charging company executed two separate ~10% reductions — one in March, one in July — generating a combined $14.3 million in restructuring charges and losing its chief revenue officer in the second round.

ChargePoint, the Campbell-based EV charging company, executed two separate 10% workforce reductions in 2026 — one in March, a second at the end of July — generating a combined $14.3 million in restructuring charges, $8.3 million confirmed and $6 million estimated, according to SEC filings.

The more recent cut was disclosed in an 8-K accepted by SEC EDGAR on July 31, summarized by financial data service StockTitan. The filing estimates approximately $6 million in aggregate restructuring costs — primarily severance, employee benefits, and facility-related expenses — with the reorganization expected to complete in the third quarter of fiscal 2027. The same filing disclosed that Chief Revenue Officer John "David" Vice separated from his role effective July 28 and will depart after a four-month transition period.

The first round came four months earlier. On March 31, ChargePoint cut approximately 146 employees — about 10% of its then-current global headcount. The disclosure came in a Form 10-Q filed April 30 (accession no. 0001777393-26-000044), which logged $8.3 million in actual restructuring charges: $7.3 million in employee severance and related exit costs, plus $1 million in facility expenses. R&D absorbed the largest share at $4.1 million; G&A accounted for another $1.8 million.

ChargePoint had approximately 1,440 employees worldwide as of January 31, per its Form 10-K. The company has not disclosed an updated headcount since the March reduction, so the precise baseline for the July cut is unconfirmed. The reporter's arithmetic: 10% of a post-March workforce of roughly 1,294 suggests approximately 130 additional positions eliminated — a combined reduction of upward of 275 since January, a figure ChargePoint has not provided.

In the same 8-K, ChargePoint reaffirmed second-quarter revenue guidance of $100 million to $110 million for the quarter ended July 31. CHPT shares were trading at $5.52 as of Sunday, down approximately 21.6% year-to-date, per KRON4.

CEO Rick Wilmer framed the cuts as a focus on "operational excellence and improved efficiencies," per layoff tracker Sunset HQ, without specifying which roles, offices, or product lines are affected. The 8-K accession number for the July filing was not independently confirmed against EDGAR's index in this reporting; the July event details rely on StockTitan's document summary. The Q2 revenue print — for a quarter that closed July 31 — is the first check on whether that guidance holds.