ChargePoint

How it happened

ChargePoint operates one of the largest EV charging networks in North America and went public via SPAC in 2021 at a valuation near $10B. Persistent losses, slowing EV-adoption growth, and intense competition drove its market capitalization down roughly 98% to around $0.15B, and it executed a reverse stock split to hold its listing. Glassdoor reviews track the descent: employees described a post-SPAC hiring spree and acquisitions that gave way to repeated layoff rounds — several counted two or more a year — plus a culture that soured after the original executive team was replaced and strategy that changed every quarter. Many also described US roles being steadily offshored to India as the company chased profitability.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.