Lucid layoffs today: EV maker cuts 18% of jobs, LCID stock takes a dive

Lucid Motors will decrease its U.S. workforce by 1,500 employees in a cost-cutting plan estimated to save $158 million annually, the company said Monday.

Lucid Motors said it is laying off about 18% of its U.S. workforce, or around 1,500 workers, in a filing with the Securities and Exchange Commission (SEC) on Monday.

The EV maker told Fast Company that today’s........

© Fast Company