Lucid Motors Layoffs 2024. March 25, 2024 at 3:52 p.m. In its layoff announcement, lucid said it was still planning an expansion in casa grande to support the 2024 rollout of its first suv.
The cuts will amount to about 1300 employees, the company said in a regulatory filing, with the company saying it expects about. Lcid) just announced that it will be laying off 1,300 workers within the coming months.
Lucid Said In A Regulatory Filing That It Is Cutting About 18% Of Its Workforce, Or Roughly 1,300 Workers.
The company lost $2.8 billion in 2023 and is only projecting to make around 9,000 cars in.
Tim Stevens For The Verge.
The cuts will affect about 18% of the company, according to five sources and a copy of an internal memo seen by.
This Amounts To Roughly 18% Of The Company’s.
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The Layoffs, Which Will Affect 1,300 Employees, Will Be Completed By The End Of The Second Quarter.
In its layoff announcement, lucid said it was still planning an expansion in casa grande to support the 2024 rollout of its first suv.
Lucid Motors Plans To Lay Off Approximately 1,300 Workers As Part Of A Restructuring Plan, According To A March 27 Sec Filing.
In a letter to employees, ceo peter rawlinson said.
As Part Of A Restructuring Plan, The Us Company Wants To Reduce Its Costs After Going Deep In The Red In 2022.