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 ...

The job cuts amount to about 6% of Lucid’s US workforce. Lucid expects to complete the new plan by the end of Q3 2024. Under the new plan, which mainly consists of severance payments, employee ...

CASA GRANDE, AZ (AZFamily) — Electric vehicle manufacturer Lucid Motors has announced plans to cut about 6% of the workforce, or about 400 jobs, in a new restructuring plan filed with the ...

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.

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Evonik said it would cut up to 2,000 jobs by 2026, expecting cost reductions of around €400 million, after its fourth-quarter underlying earnings came in slightly below consensus forecasts.

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.

(Reuters) -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 ...