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Lucid cutting 18% of US staff as EV maker retrenches further

Lucid expects to save $158M annually going forward

Bloomberg News

Lucid Group Inc. is slashing its workforce for at least the second time this year and eliminating a top executive role as part of a cost-reduction plan in the face of wavering demand for its electric vehicles. The cuts will impact about 18% of the staff in the US, including full-time employees, contractors and hourly […]

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