[BUSINESS]■ STORY TIMELINE
LUCID CUTS 1,500 JOBS IN SECOND LAYOFF THIS YEAR
Lucid Motors laid off 1,500 workers, marking the company's second major workforce reduction in 2024. The cuts are part of a broader restructuring plan aimed at streamlining operations.
Ars Technica+0m
The cuts and redundancies are part of a plan to "simplify the company," the CEO says.