Lucid Motors slashes 12% of its workforce as it seeks profitability
Lucid Motors is laying off 12% of its workforce in a bid to “improve operational effectiveness and optimize our resources as we continue on our path toward profitability,” according to an internal memo that was obtained by TechCrunch. Hourly workers on the manufacturing, logistics, and quality teams are not affected by the cuts, according to the memo, which was sent to employees being spared by the layoffs. It’s unclear exactly how many workers are being laid off, but it is likely in the hundreds. Lucid Motors reported having 6,800 full-time employees globally at the end of 2024. “Saying goodbye to colleagues is never easy,” interim CEO Marc Winterhoff wrote in the memo. “We are grateful for the contributions of those impacted by today’s actions, and we are…
