18% Staff Layoffs, Over 600 Recalls: Is Lucid Motors Still Lucid?
Lucid Group (NASDAQ: LCID) announced plans to let off hundreds of employees during an all-hands meeting on Tuesday. Lucid CEO Peter Rawlinson informed staff that the business will lay off approximately 18% of its workforce. According to regulatory filings, Lucid employed around 7,200 people worldwide as of the end of 2022, which equates to approximately … Continue reading 18% Staff Layoffs, Over 600 Recalls: Is Lucid Motors Still Lucid?
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