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Read the memo: Tesla rival Lucid cuts 12% of its US workforce as EV winter takes hold
Business Insider· 2026-02-20 16:27
Tesla rival Lucid is slashing its workforce as the EV winter tightens its grip. EV startup Lucid is cutting 12% of US employees, according to an email interim CEO Marc Winterhoff sent to unaffected employees on Friday, which Business Insider has seen.Winterhoff said the cuts would exclude hourly production employees in manufacturing, logistics, and quality. "This difficult but necessary decision was made to improve organisational effectiveness and optimize our resources as we continue on our path toward pro ...