Lucid Motors Announces Layoffs Affecting Over a Thousand Employees
Lucid Motors has announced layoffs affecting over 1,000 employees as part of cost-cutting measures to save approximately $158 million annually. The reduction includes the elimination of a second production shift at its AMP-1 factory and an overall workforce cut of about 18% in the U.S.
Tickers: $LCID
Topics: Automotive Corporate Restructuring Electric Vehicles