Lucid Group, Inc. - 8-K Filing
Lucid Group announced a workforce reduction of approximately 18% in the U.S., including eliminating its second shift at AMP-1, to achieve annualized cost savings of $158 million. The company expects cash charges of about $32 million for severance and related costs by Q3 2026. Additionally, Chief Operating Officer Marc Winterhoff departed immediately with eligibility for severance benefits under the Executive Severance Plan. (Items: 2.05 Costs Associated with Exit or Disposal Activities, 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi, 9.01 Financial Statements and Exhibits)
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