About 1,290 employees at Lucid Motor will be laid off as part of cost cutting efforts.
EV startup Lucid plans to lay off hundreds of workers at every level of the company, leaked memo says
In an all-hands meeting and email to staff, Lucid said the layoffs would begin over the next three days and affect about 18% of the company.
- Lucid is planning to lay off hundreds of workers, the company told staff Tuesday.
- The cuts will affect about 18% of the company, according to five sources and a copy of an internal memo seen by Insider.
- Lucid has been struggling with demand and getting vehicles on the road.