The electric-vehicle start-up says the job cuts are part of a restructuring plan to optimize its operating expenses.
Lucid Group (LCID) announced plans on Friday to terminate 400 employees, or 6% of its workforce, as part of a restructuring plan aimed at cutting costs in a soft electric vehicle market. The move, ...
Lucid Group Inc. will eliminate about 400 jobs in the coming months, the latest move by an electric-vehicle maker to cut costs in a dramatically slowing market for plug-in cars.
By Sabela Ojea Lucid Group is laying off 400 employees, or 6% of its workforce, as part of a restructuring plan. The Newark, Calif.-based EV maker on ...
Electric vehicle (EV) maker Lucid Motors announced that the company would be laying off staff in a bid to lower ...
Below you’ll find a comprehensive list of all the known layoffs in tech that have occurred in 2024, to be updated regularly.
Companies in the U.S. and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook ...
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here ...
Sumo Group has announced plans to reduce its workforce by up to 15%, impacting nearly 250 employees. This decision comes as the company faces industry challenges and aims to reshape its operations ...
Barinthus Biotherapeutics BRNS, +2.63% expects to cut about 25% of its workforce in connection with a pipeline prioritization. The company said it will prioritize development of VTP-300 in chronic ...
Stablecoin issuer Paxos has cut its workforce by about 20%, or 65 people, according to an email obtained by Bloomberg. The job cuts, first reported by The Block, come at a time when Paxos has more ...
Tornado warnings were in effect for parts of north Texas on Tuesday, May 28, as storms carrying rain, lightning, and ...