Lucid Motors has reduce 400 jobs, . This quantities to round six % of the workforce. By the way, the corporate additionally reduce a whopping 1,300 jobs final 12 months. This all comes simply forward of the launch of its , a vital launch for the auto producer.
You may seemingly guess as to the reasoning given for the layoffs. The 400 individuals obtained pink slips as a result of ever-useful and nebulous time period often known as “restructuring.” To that finish, the corporate says it expects this restructuring to be accomplished by the tip of the third quarter, although it didn’t say something about rehiring anybody.
“As all the time we should stay vigilant about prices. We’re optimizing our assets in a manner we imagine will finest place the corporate for future success and development alternatives as we give attention to reaching our formidable targets,” CEO Peter Rawlinson mentioned in an organization electronic mail .
These formidable targets embrace the aforementioned EV SUV, named the Lucid Gravity. The corporate’s calling it the “world’s finest SUV” and it’ll function two electrical motors, all-wheel drive and an anticipated most vary of 440 miles per cost. These are some actually good specs.
Nonetheless, the automobile’s additionally . EV development has stalled in North America, so if the EV doesn’t catch on, it’ll seemingly be time for extra restructuring. If that fails, Lucid can all the time .
Talking of stalled EV development, many of the main US producers have laid off workers up to now 12 months. Tesla’s however Rivian has additionally been . The identical is .
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