EVsThe Next Webabout 4 hours ago
Lucid cuts 18% workforce, ends second shift
1 min read
Lucid Motors cut 18% of its workforce, roughly 1,500 employees, and eliminated the second production shift at its Arizona factory. New CEO Silvio Napoli, who took over in April, also scrapped the COO role. The restructuring aims to save $158 million annually ahead of the sub-$50,000 Cosmos SUV launch.
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