Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Lucid Motors is cutting 18% of its staff, reportedly as part of an effort to simplify the company. The layoffs appear to be the company's second major staff reduction, with some outlets specifying that the cuts are limited to the US workforce. The move is also accompanied by changes to the company's executive leadership, including the elimination of the COO role and an overhaul of the C-suite under the new CEO.
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