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Lucid Motors is laying off about 1,500 employees, constituting 18 percent of its workforce, as part of efforts to achieve profitability. This follows a previous reduction of 12 percent earlier in the year. The company cites the need to streamline operations and align production with demand as reasons for the layoffs.
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Lucid Motors is laying off about 1,500 employees, constituting 18 percent of its workforce, as part of efforts to achieve profitability. This follows a previous reduction of 12 percent earlier in the year. The company cites the need to streamline operations and align production with demand as reasons for the layoffs.
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Lucid lays off 1,500 workers in second big cut of the year
Lucid Motors announces layoffs of 1,500 employees