Location: Houston, Texas, USA.
Based on news reporting.
Plug Power, Inc. has laid off 74 employees at its manufacturing facility in Houston as part of its efforts to avoid a reverse stock split. The layoffs are part of a broader strategy to improve the company's financial standing and operational efficiency. This decision comes amid ongoing challenges in the market and aims to streamline operations. The company is taking these steps to enhance shareholder value and stabilize its stock performance. The layoffs occurred on October 10, 2023, impacting the workforce at the Houston site directly.
Plug Power, Inc. cut 74 jobs as of October 10, 2023.
LayoffTalk has tracked 7 layoff events at Plug Power, Inc. since October 2023, affecting a combined 957 employees.
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