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Lucid Motors' new CEO cuts 18% of staff to 'simplify the company'
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Lucid Motors' new CEO cuts 18% of staff to 'simplify the company'

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The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand."

Lucid Motors is laying off 18% of its workforce, or around 1,500 employees, just four months after the EV maker cut 12% of its staff. The company said on Monday that it has also “eliminated the second shift” of EV production at its factory in Casa Gr... [2395 chars]

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Source: TechCrunch

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