Lucid Motors Cuts Workforce by 18% as New CEO Aims for Operational Streamlining
Lucid Motors is laying off approximately 1,500 employees (18% of its workforce) and eliminating a second shift at its Arizona factory under new CEO Silvio Napoli. The move aims to streamline operations amid cooling demand in the U.S. electric vehicle market.
Topics: automotive industry electric vehicles (EVs) executive changes layoffs