The cuts will impact 12% of its global workforce, the automaker said Friday in an emailed statement. Lucid didn’t specify the total number of job losses or current headcount, but the company had 6,800 employees at the end of 2024, suggesting the cuts are in the hundreds.
The move was “designed to streamline our organization so we can operate with greater efficiency and deliver on our commitments to gross margin improvement and long term ...
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