Lucid to cut 1,300 workers amid signs of flagging demand for its EVs

• Lucid said in a regulatory filing that it is cutting about 18% of its workforce, or roughly 1,300 workers.
• In a letter to employees, CEO Peter Rawlinson said the job cuts will hit “nearly every organization and level, including executives.”
• The company expects to take charges of $24 million to $30 million related to the cuts, most of that in the first quarter.

https://www.cnbc.com/2023/03/28/lucid-to-cut-1300-workers.html