The electric-vehicle start-up says the job cuts are part of a restructuring plan to optimize its operating expenses.
Lucid is cutting 6% of its workforce as part of its second restructuring in little over a year. The cuts will impact white collar employees at all levels including in leadership positions.
, opens new tab will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples ...
The move is just the latest in a series of layoffs in the EV sector. Luxury EV maker Lucid Group Inc. is cutting about 400 jobs, or 6% of its workforce, in a bid to “optimize […] operating expenses,” ...
Lucid Group (LCID) is cutting 400 jobs, or about 6% of its workforce, as part of a restructuring, according to a filing. The move comes a little more than a year after the EV maker cut 1,300 ...
Lucid Group said on Friday it would reduce its workforce by 6%, or around 400 employees, as the electric vehicle industry grapples with slower growth. Shares of the EV maker rose around 2% in ...
LUCID Group will reduce its workforce in the United States by 6 per cent, or around 400 employees, it said on Friday (May 24), becoming the latest electric-vehicle maker to cut jobs as the industry ...
Company had a total of around 6,500 full-time employees globally, as of December 2023 Lucid Group will reduce its workforce in the United States by 6 per cent, or around 400 employees, it said on ...