Bay Area electric-vehicle company Lucid Motors plans more than 1,000 layoffs in second round of cuts this year
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Lucid Motors, a bay area electric-vehicle company, is planning to lay off more than 1,000 employees in its second round of cuts this year as part of cost-cutting measures. The company is also involved in the development of robotaxis, with partnerships such as one with Uber. However, the current status of Lucid's production plans and leadership is unclear, with reports of both expansion goals and a change in CEO.
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