Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
TechCrunch·June 22, 2026
Lucid Motors' new CEO has implemented significant changes, cutting 18% of the company's staff in an effort to simplify operations. This move aims to increase efficiency and streamline the organization. Additionally, the company is reducing production capacity by eliminating a shift at its Arizona factory. The adjustment in production is intended to align with anticipated demand and optimize manufacturing processes.
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