Plug Power Announces New Restructuring Plan That Includes Job Cuts

1. Plug Power announced restructuring plan 'Project Quantum Leap' to improve finances. 2. Layoffs and cost reductions are integral to the new operational strategy. 3. The company aims to enhance margins and accelerate profitability. 4. Shares fluctuated significantly with a recent 4.5% increase after initial decline. 5. PLUG has lost around 60% of its value over the past year.