TechCrunch·3 min read·medium
Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
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Sean O'Kane
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This article covers: Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
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This story may be significant to current events.
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 Grande, Arizona.
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