Lucid Group will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples with ...

Luxury EV maker Lucid Group Inc. is cutting about 400 jobs, or 6% of its workforce, in a bid to “optimize […] operating expenses,” according to a May 24 regulatory filing. The cuts are expected to be ...

Lucid (LCID) is the latest EV maker to reveal job cuts to reduce costs. As part of a new restructuring plan, Lucid plans to reduce its US workforce by 6%, or about 400 employees. Lucid cuts ...

Electric vehicle manufacturer Lucid Motors has announced plans to cut about 6% of the workforce, including employees at its Pinal County manufacturing plant.

Lucid is cutting 6% of its workforce as part of its second restructuring in little over a year. The cuts will impact white collar employees at all levels including in leadership positions. The ...

Lucid Group to cut 6% of workforceIn addition, charges of approximately $19 million to $23 million are expected to be recognized primarily in the second quarter of 2024, with the majority of the ...

Evonik Industries EVK -0.40% said it would cut its workforce by around 6% after it reported weaker-than-expected results for the fourth quarter, becoming the latest chemicals company to rein in ...

Lucid Group said on Friday it would reduce its workforce by 6%, or around 400 employees, as the electric vehicle industry grapples with slower growth. Shares of the EV maker rose around 2% in ...

Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen ...

President Trump's efforts to cut the federal workforce by 10% might not save as much money as hoped and could have unintended consequences. NPR explains why.