Lucid Announces Workforce Reductions as Part of Cost-Cutting Measures
Lucid Group Inc (NASDAQ:LCID) is cutting approximately 18% of its U.S. workforce to reduce costs and align production with demand, generating $158 million in annualized savings. The restructuring includes full-time employees, contractors, and hourly staff, while also eliminating the COO role and a second shift at its Arizona facility.
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