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Home » Lucid Motors cuts 18% of workforce

Lucid Motors cuts 18% of workforce

1,300 employees were affected

Joey PizzolatobyJoey Pizzolato
March 28, 2023
in Risk Management
Reading Time: 2 mins read
0
The Lucid Motors Inc. headquarters in Newark, California, U.S., on Monday, Aug. 3, 2020. The final specs and design of the Lucid Air are due to be unveiled at an event in September and executives say customers can now expect delivery of the first batch of Airs in spring 2021.

Photographer: David Paul Morris/Bloomberg

Lucid Motors is reducing its headcount by 1,300, or 18% of its workforce, as the electric vehicle OEM looks to cut costs.   Lucid expects to incur between $24 million and $30 million in costs related to the restructuring plan, according to a 8-K filing with the Securities and Exchange Commission.   The cuts span […]

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Tags: electric vehiclesLucid MotorsPremiumrisk managementSecurities and Exchange Commission
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