Lucid Motors has reduced its workforce by 18% in its second round of layoffs this year. The company is also scaling back production at its Arizona manufacturing plant to better align with current business demands. These moves indicate ongoing adjustments to Lucid's operational strategy amid challenging market conditions.
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Lucid Cuts 18% of Workforce and Scales Back Production in Second Layoff This Year
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EElectricBuzz Editorial Team
1 min read48 wordsElectricBuzz Editorial Team
The Gist
“Lucid Motors announces a second 2024 layoff, cutting 18% of staff and lowering production at its Arizona factory amid tough market conditions.”
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