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The Nexus
BUSINESSJun 22 · 17:06 UTCKRON4 SAN FRANCISCOAlex Baker

Lucid layoffs: Bay Area EV maker cuts 18% of workforce

Bay Area electric vehicle maker Lucid has announced plans to reduce its workforce by approximately 18%. The company filed with the U.S. Securities and Exchange Commission, stating the cuts aim to streamline operations and optimize expenses to advance its path toward profitability.

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LucidorganizationU.S. Securities and Exchange CommissionorganizationBay Areaplaceelectric vehicletopicworkforce reductiontopicprofitabilitytopic
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