Location: California, USA.
Based on news reporting.
Lucid Motors has announced a significant reduction in its workforce, cutting 18% of its staff, which translates to approximately 1,300 employees. This decision comes as part of a strategic move by the new CEO to simplify operations and streamline the company's structure. The layoffs are expected to impact various departments across the organization, primarily in California, where the company is headquartered. This restructuring is aimed at improving efficiency and addressing ongoing challenges in the electric vehicle market. The company has not specified a timeline for the layoffs but has indicated that they are part of a broader effort to enhance operational performance.
Company cut 1,300 jobs as of October 1, 2023.
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