ChargePoint Cuts Workforce 10 Percent Again

Hal Brenner, Managing Editor

Another Tuesday, another clear Bay Area morning at 57 degrees, and we're seeing a recurring theme across our desks: the relentless churn of the local economy. From tech layoffs to real estate moves, the financial landscape remains in constant flux, shaping everything from civic celebrations to professional sports.

Devon Park — Tech

ChargePoint, the Campbell-based EV charging company, reported $14.3 million in restructuring charges this week, spread across two separate 10% workforce reductions in the past six months alone. It's a stark look at the cost of "optimizing" a business in a sector that's supposed to be expanding, particularly when the publicly traded company has seen its market cap drop by half since the beginning of the year.

ChargePoint Has Cut Roughly 10% of Its Workforce Twice in Six Months, Filings Show The Least Reliable Word in a Tech Headline Is the Verb A $3M Skyway Billboard Is a Cap-Table Tell. One Leaseholder Is Public; One Hasn't Filed an S-1. Blackstone Puts 686-Room SoMa Hyatt on the Market, Weeks After Acquiring Another SF Hyatt Another Planet Sues Its Castro Theatre Contractor Again — This Time Over the Contractor's Website

• ChargePoint Has Cut Roughly 10% of Its Workforce Twice in Six Months, Filings Show
• Blackstone Puts 686-Room SoMa Hyatt on the Market, Weeks After Acquiring Another SF Hyatt
• Another Planet Sues Its Castro Theatre Contractor Again — This Time Over the Contractor's Website
• The Least Reliable Word in a Tech Headline Is the Verb
• A $3M Skyway Billboard Is a Cap-Table Tell. One Leaseholder Is Public; One Hasn't Filed an S-1.

Casey Wong — Neighborhoods

At 670 Shell Boulevard in Foster City, the annual Summer Days festival is trading its iconic rubber duck races for a scavenger hunt, a small but telling sign of how much construction at Leo J. Ryan Park has reshaped even the most beloved local traditions. It’s a shift that reflects a much larger pattern we're tracking, where growth and development aren't just changing skylines, but the very fabric of how communities gather and celebrate.

• Foster City Swaps Rubber Duck Races for a Scavenger Hunt at Summer Days

Drew Bennett — Things to Do

This August is a dream for Bay Area bookworms, with an incredible lineup of author readings from big names like Téa Obreht and Chang-Rae Lee, and I've got the rundown on dates, times, and RSVP details for the ones worth clearing your schedule for—many of which won't cost you a dime. It's a rare opportunity to hear directly from literary stars without a ticket price, making these events a fantastic way to connect with culture for free.

• A Stacked August for Bay Area Author Readings — and Most Are Free

Sal Moreno — Sports

The Bay has its first professional women’s baseball team since 1954, and this week, the San Francisco Firebells, led by trailblazer Kelsie Whitmore, won their inaugural game 11-3. While the Giants are selling off pieces for a rebuild, our newest pro team shows what happens when you bet on the future of the game itself, giving us a reason to cheer for history in the making right here in our backyard.

• The Giants Continue to Sell: Heliot Ramos to the Yankees and the Rebuild Continues
• The Firebells Ring: Kelsie Whitmore, a Springfield Cornfield, and the First Women's Pro Baseball Since 1954
• Two Arms for a Batting Champ: Scouting What the Giants Actually Bought
• Unbeatable at Home, Mortal Everywhere Else: De La Salle and the Bay's Football Inheritance

Hal Brenner

So, another 10% cut means 20% less to optimize, apparently, while somewhere across the Bay, some lucky bookworms will still manage to optimize their schedules for free.