Electric vehicle manufacturer Lucid Motors is facing a significant restructuring effort as the company has laid off approximately 18% of its US workforce. This move comes on the heels of the departure of Chief Operating Officer (COO), Daniel Barchi, who left the company earlier this month. The layoffs are expected to impact various departments, including engineering and production. As Lucid Motors continues to navigate the competitive electric vehicle market, the company's decision to downsize its workforce may be an attempt to streamline operations and focus on producing its high-end luxury vehicles, such as the Lucid Air.
Lucid Motors Lays Off 18 Percent US Workforce Amid COO Exit Fuel Cells Works
