TECH NEWS
Lucid Motors cuts 18% of workforce as new CEO dismantles second production shift
TL;DR Lucid cuts 1,500 jobs and kills its second factory shift as new CEO Napoli restructures ahead of the sub-50,000-dollar Cosmos SUV launch. Lucid Motors is cutting 18 percent of its workforce, roughly 1,500 employees, just four months after the EV maker laid off 12 percent