Wallbox

How it happened

Wallbox is a Spanish maker of EV charging and energy-management hardware. It went public via SPAC in October 2021 at roughly a $1.5B valuation. Amid slowing EV-charging demand and losses, its shares fell and it undertook restructuring. Its market cap dropped below $1B, trading near ~$0.89B by 2026, about 41% below peak. Glassdoor reviews traced a boom-and-cut pattern: after a rapid 2022 hiring spree, employees said repeated layoff rounds began in early 2023 and reorganizations continued for years. Reviewers returned to constant strategy and product churn — frequent new chargers and quarterly reprioritizations — and contrasted early splashy spending on a Super Bowl ad and parties with the later cost-cutting.

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