Lucid Group will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples with ...

Lucid is cutting 6% of its workforce as part of its second restructuring in little over a year. The cuts will impact white collar employees at all levels including in leadership positions.

Luxury EV maker Lucid Group Inc. is cutting about 400 jobs, or 6% of its workforce, in a bid to “optimize […] operating expenses,” according to a May 24 regulatory filing. The cuts are expected to be ...

Lucid Group (LCID) is cutting 400 jobs, or about 6% of its workforce, as part of a restructuring, according to a filing. The move comes a little more than a year after the EV maker cut 1,300 ...

Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.

Lucid Group Inc. will eliminate about 400 jobs in the coming months, the latest move by an electric-vehicle maker to cut costs in a dramatically slowing market for plug-in cars.

The shares of Lucid Group LCID gained 3% in pre-market trading after the California-based EV maker said on Friday that it is laying off about 6% of its workforce or 400 employees to reduce costs.

Lucid Group said on Friday it would reduce its workforce by 6%, or around 400 employees, as the electric vehicle industry grapples with slower growth. Shares of the EV maker rose around 2% in ...

Electric vehicle startup Lucid Motors says it is planning to lay off about 18% of its workforce, as the company restructures to cut costs amid weaker-than-expected demand for its EVs.

Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.