Lucid’s laying off 18 percent of its workers

About Me

Latinos MediaSyndication

The Latinos del Mundo Media Syndication profile.

Lucid’s laying off 18 percent of its workers

Posted by - Latinos MediaSyndication -

on - March 29, 2023 -

Filed in - Technology -

877 Views - 0 Comments - 0 Likes - 0 Reviews

Photo by Tim Stevens for The Verge

Lucid, the EV startup behind the Air sedan that competes with the Tesla Model S, has announced that it’s laying off around 1,300 employees, or 18 percent of its workforce, within the next few months. According to an email from CEO Peter Rawlinson, which was attached to a regulatory filing, the cuts will affect employees and contractors “in nearly every organization and level, including executives.”

Rawlinson says employees will hear more about the layoffs over the next three days, and the filing says the restructuring should be complete “by the end of the second quarter of 2023.” The email says that employees who are let go will receive “career resources, Lucid-paid healthcare coverage continuation, and acceleration of equity,” and the...

Read Full News Here

Pinterest More Stuff

Photos

Photos

0 albums found

Related News

Lucid’s laying off 18 percent of its workers

Photos