The shares of Lucid Group (NASDAQ:LCID) gained 3% in pre-market trading after the California-based EV maker said on Friday that it is laying off about 6% of its workforce or 400 employees to ...

According to the report, Lucid CEO Peter Rawlinson announced the layoffs, saying that the company needed to do so in order to cut costs as the EV startup struggles to get cars on the road and ...

Cable news giant CNN cut about 200 television-focused roles as part of a digital pivot. The cuts amounted to about 6% of the company's workforce. In a memo sent to staff on January 23, CNN's CEO ...

Yet as it cut prices to remain competitive ... Despite the fund’s desire to jumpstart a new auto industry and using Lucid Group to help its workforce develop the necessary skills, further ...