EV startup Lucid to cut about 18% of its workforce

Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan. The maker of Air luxury sedan last month forecast 2023 production that fell well short of analysts’ expectations and reported…#lucidgroupinc #peterrawlinson #teslainc #rivianautomotiveinc #rivian

Source: Reuters: Health - March 29, 2023 Category: Consumer Health News Source Type: news