EV maker Lucid to lay off about 18% of US workforce

EV maker Lucid is implementing significant workforce reductions, cutting approximately 18% of its US-based staff. This strategic downsizing occurs alongside the exit of COO Winterhoff from the company. These developments mark a period of organizational restructuring for the electric vehicle manufacturer as it manages its operational scale within the United States. The layoffs and executive departure represent a substantial shift in the company's current human resources and leadership framework as reported by Reuters.