Lucid lays off 1,500 workers in second big cut of the year
Summary
Ars Technica reports that Lucid Motors is laying off about 1,500 workers (18% of its workforce) as part of a profitability drive, including ending a second shift at its Casa Grande, Arizona factory. The company expects to save roughly $158 million after severance and related costs, and leadership changes continue as it refocuses on smaller, higher-volume models.