Lucid Motors, a leading electric vehicle manufacturer, is set to undergo significant restructuring efforts in the United States. In a move aimed at streamlining operations and adapting to the rapidly changing electric vehicle market, the company plans to lay off approximately 18% of its US workforce. The exact number of affected employees is expected to be around 600 to 700 people, although the company has not officially confirmed the figure. This development comes as Lucid Motors faces increased competition from established players and emerging startups in the EV sector, highlighting the need for the company to reassess its operational efficiency and future growth strategies.
EV maker Lucid to lay off about 18% of US workforce Yahoo Finance
