Lucid to lay off 1,300 employees in restructuring

Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, is cutting its workforce by 18% as part of a restructuring, the company disclosed in a regulatory filing. The layoffs, which will affect 1,300 employees, will be completed by the end of the second quarter. Lucid expects to incur about $24 million to […] Lucid to lay off 1,300 employees in restructuring by Kirsten Korosec originally published on TechCrunch...