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ChargePoint (NYSE: CHPT) to cut 10% of staff, incur $6M restructuring costs

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

ChargePoint Holdings, Inc. implemented a Reorganization that includes reducing its current global workforce by approximately 10%. The company estimates aggregate restructuring costs of approximately $6 million, primarily for severance benefits, employee benefits, related costs and facility-related expenses, and expects to complete the Reorganization during its third quarter of fiscal 2027.

These costs are expected to be incurred primarily in the second and third quarters of fiscal 2027. Chief Revenue Officer John “David” Vice separated from his role effective July 28, 2026, and is expected to leave after a four-month transition period, during which he will help transfer responsibilities. ChargePoint also reaffirmed prior guidance for second-quarter revenue of $100 million to $110 million for the quarter ended July 31, 2026.

Positive

  • None.

Negative

  • Announced a 10% global workforce reduction and expects approximately $6 million in restructuring costs, indicating material headcount cuts and additional expenses over fiscal 2027.
  • Chief Revenue Officer John “David” Vice separated from his role effective July 28, 2026, and is expected to depart after a four-month transition period.
Item 2.05 Costs Associated with Exit or Disposal Activities Financial
The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Workforce reduction approximately 10% Reduction of current global workforce under the Reorganization
Restructuring costs approximately $6 million Estimated aggregate costs associated with the Reorganization
Q2 revenue guidance $100 million to $110 million Revenue expected for the second quarter ended July 31, 2026
Transition period four months Expected transition period before Chief Revenue Officer’s departure
Reorganization completion target third quarter of fiscal 2027 Expected period to complete the Reorganization
Reorganization financial
"implemented a reorganization of its operations including a reduction"
restructuring costs financial
"estimates the aggregate restructuring costs associated with the Reorganization"
Restructuring costs are the immediate expenses a company incurs when reorganizing operations, such as closing facilities, laying off staff, breaking leases, or consolidating divisions. Investors care because these upfront outlays can lower short-term profits but may reduce future running costs or improve efficiency—like paying to renovate a house to make it cheaper to maintain—so they signal whether near-term earnings are being affected and what benefits might follow.
Executive Severance Plan financial
"qualifying termination of employment under the terms of the Company’s Executive Severance Plan"
Regulation FD regulatory
"Item 7.01 Regulation FD Disclosure."
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
forward-looking statements regulatory
"includes “forward-looking statements” within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What restructuring did ChargePoint (CHPT) announce in July 2026?
ChargePoint announced a Reorganization that includes reducing its current global workforce by approximately 10%. The company estimates about $6 million in restructuring costs, mainly for severance, employee benefits and facility-related expenses, with completion expected in the third quarter of fiscal 2027.

How much restructuring cost does ChargePoint (CHPT) expect from the Reorganization?
ChargePoint estimates aggregate restructuring costs of approximately $6 million from its Reorganization. These costs primarily cover severance benefits, employee benefits, related expenses and facility-related costs, and are expected to be incurred mainly in the second and third quarters of fiscal 2027.

When will ChargePoint (CHPT) complete its Reorganization and when are costs expected?
ChargePoint expects to complete the Reorganization during its third quarter of fiscal 2027. It anticipates incurring the approximately $6 million in restructuring costs primarily during its second and third quarters of fiscal 2027, subject to assumptions including local law requirements.

What executive leadership change did ChargePoint (CHPT) disclose?
ChargePoint reported that Chief Revenue Officer John “David” Vice separated from his role effective July 28, 2026. He is expected to separate from the company after a four-month transition period and may receive severance benefits under the Executive Severance Plan, subject to a release of claims.

What revenue guidance did ChargePoint (CHPT) reaffirm for its second quarter?
ChargePoint reaffirmed prior guidance that it expects $100 million to $110 million in revenue for its second quarter ended July 31, 2026. This reiteration maintains earlier expectations for the period rather than updating or revising the revenue outlook.
0001777393false00017773932026-07-282026-07-28

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date Earliest Event Reported): July 28, 2026
  
ChargePoint Holdings, Inc.
(Exact name of registrant as specified in its charter) 
  
Delaware001-3900484-1747686
(State or Other Jurisdiction
of Incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
254 East Hacienda Avenue
Campbell, CA
95008
(Address of Principal Executive Offices)(Zip Code)
(408) 841-4500
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)		Name of each exchange
on which registered
Common Stock, par value $0.0001CHPTNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



Item 2.05    Costs Associated with Exit or Disposal Activities.
On July 29, 2026, ChargePoint Holdings, Inc. (the "Company") implemented a reorganization of its operations including a reduction of the Company's current global workforce by approximately 10% (the “Reorganization”). The Company estimates the aggregate restructuring costs associated with the Reorganization to be approximately $6 million, primarily consisting of severance benefits, employee benefits and related costs and facility-related costs. The Company expects to complete the Reorganization during its third quarter of fiscal year 2027 and to incur these costs primarily during its second and third quarters of fiscal year 2027.
The estimates of the charges and expenditures that the Company expects to incur in connection with the Reorganization, and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from estimates. In addition, the Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the Reorganization.
Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Mr. John “David” Vice, a current named executive officer of the Company, separated as Chief Revenue Officer, effective July 28, 2026, and is expected to separate from the Company following a four-month transition period to help ensure a smooth transition of his responsibilities. In addition, due to Mr. Vice’s qualifying termination of employment under the terms of the Company’s Executive Severance Plan, after the end of the transition period and provided Mr. Vice enters into a final general release of claims, Mr. Vice will be eligible to receive severance benefits under the terms of the Executive Severance Plan, as described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (the “SEC”) on May 28, 2026.
Item 7.01     Regulation FD Disclosure.
The Company reaffirms its prior guidance that it expects revenue of $100 million to $110 million for its second quarter ended July 31, 2026.
The information contained in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Forward-Looking Statements
This Current Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the Reorganization, the final size of the workforce reduction, the total charges the Company expects to recognize in connection therewith, the timing of such recognition, and the reaffirmation of the Company's prior revenue guidance. The Company cautions you that these forward-looking statements are subject to numerous risk and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. Additional risks and uncertainties that could affect the Company and its financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Quarterly Report on Form 10-Q filed with the SEC on June 8, 2026, which is available on the Company’s website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. All forward-looking statements in this report are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
CHARGEPOINT HOLDINGS, INC.
By:/s/ Rick Wilmer
Name: Rick Wilmer
Title: Chief Executive Officer
Date: July 31, 2026

Source: View Original Filing on SEC EDGAR

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