Lucid Motors Cuts 12% of Workforce in Profitability Push
— TechCrunch
Key Takeaway
Lucid Motors is laying off 12% of its workforce as part of a strategy to improve profitability. The layoffs are expected to affect hundreds of employees, although the exact number remains unclear.
The layoffs affect hundreds of full-time workers in the US, according to an internal memo obtained by TechCrunch.
Original reporting — we curate and summarize for context
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