Energy · 1 views

Lucid lays off 18% of staff, its second deep cut in four months

Lucid Motors is laying off 18% of its workforce, roughly 1,500 employees, just four months after the EV maker cut 12% of its staff.

Source Electrek AI Summary Updated 1h 47m ago

Story intelligence Beta

Freshness Fresh Updated 1h 47m ago

Confidence Limited Single-outlet story

Coverage Single outlet

Views 1 Community interest

Read time 1 min ~75 words

AI Summary

Lucid Motors is laying off 18% of its workforce, roughly 1,500 employees, just four months after the EV maker cut 12% of its staff. The company also confirmed Monday that it has eliminated the second production shift at its Casa Grande, Arizona factory. It’s the second mass layoff under a new leadership regime that is barely three weeks old, and it lands as the US EV market cools and automakers retreat from their electric plans.

Read full article on Electrek

AI summaries can be wrong sometimes—always verify important details using the source article.