Lucid lays off 18% of staff, its second deep cut in four months (opens in new tab)

Lucid Motors is laying off 18% of its workforce, roughly 1,500 employees, just four months after the EV maker cut 12% of its staff. The company also confirmed Monday that it has eliminated the second production shift at its Casa Grande, Arizona factory. It’s the second mass layoff under a new leadership regime that is barely three weeks old, and it lands as the US EV market cools and automakers retreat from their electric plans.