Layoffs
Lucid Motors cuts 18% of staff under new CEO
Newly appointed leader moves to streamline operations at struggling EV maker.
−1,500jobs affected
Lucid Motors cut 18% of its workforce, according to TechCrunch. The reduction came under newly appointed CEO Peter Rawlinson as part of what the company framed as a simplification effort.
The company did not disclose a specific headcount affected by the cuts. Lucid has faced mounting losses and production delays as it attempts to scale manufacturing of its luxury electric vehicles.
Sources
TechCrunch Layoffs