Lucid’s New CEO Cuts 1,500 Jobs To ‘Simplify The Company’

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Lucid Motors is cutting 1,500 employees, representing 18 percent of its workforce, in its fourth layoff round since 2023. New CEO Silvio Napoli aims to simplify the company and target $158M in savings to support a sub-$50K SUV launch. Additionally, the EV maker has eliminated the second production shift at its Casa Grande, Arizona factory and completely scrapped the chief operating officer role, following a previous 12 percent staff reduction four months prior.
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