Lucid Motors slashes 18% of US workforce, drops second shift
Lucid announced a 18% cut – about 1,500 US jobs – and the elimination of the second production shift at its Casa Grande, Arizona plant. The restructuring, driven by new CEO Silvio Napoli, targets $158 million in annual cost savings while incurring roughly $32 million in one‑time charges. It’s a bid to steer the EV maker back to profitability.