Lucid Motors slashes 12% of its workforce as it seeks profitability
TechCrunch • • business
Key Points:
- Lucid Motors is laying off 12% of its workforce, primarily affecting non-hourly employees, as part of efforts to improve operational efficiency and move toward profitability.
- Hourly workers in manufacturing, logistics, and quality teams are not impacted by the layoffs, which likely affect hundreds of employees out of the company's 6,800 full-time staff globally.
- The company is continuing to ramp up production and deliveries of its Gravity SUV, having doubled its 2024 output despite earlier production and quality challenges.
- Lucid plans to launch a more affordable mid-size electric vehicle later this year, priced around $50,000, and is collaborating with Uber and Nuro on a robotaxi service in San Francisco.
- Interim CEO Marc Winterhoff emphasized
