Wallbox, an electric vehicle charging company, is laying off 15% of its workforce as part of a broader cost-cutting initiative aimed at saving 50 million euros annually. The job cuts, announced in early 2023, are a response to global supply chain challenges that have impacted EV delivery rates and the company's operations. This restructuring is intended to better align the company with its 2023 financial guidance. While the exact number of affected employees wasn't specified, the reduction is being balanced between operational and personnel expenses to strengthen Wallbox's long-term competitive position in the automotive and EV industry.
