Innovative Gadgets

Lucid Motors cuts six % of its workforce forward of EV SUV launch

Lucid Motors has minimize 400 jobs, . This quantities to round six % of the workforce. By the way, the corporate additionally minimize a whopping 1,300 jobs final yr. This all comes simply forward of the launch of its , a vital launch for the auto producer.

You possibly can possible guess as to the reasoning given for the layoffs. The 400 folks bought pink slips as a result of ever-useful and nebulous time period referred to 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 at all times we should stay vigilant about prices. We’re optimizing our assets in a means we consider will greatest place the corporate for future success and development alternatives as we deal with attaining our formidable objectives,” CEO Peter Rawlinson mentioned in an organization electronic mail .

These formidable objectives embrace the aforementioned EV SUV, named the Lucid Gravity. The corporate’s calling it the “world’s greatest SUV” and it’ll characteristic two electrical motors, all-wheel drive and an anticipated most vary of 440 miles per cost. These are some actually good specs.

Nevertheless, the automobile’s additionally . EV development has stalled in North America, so if the EV doesn’t catch on, it’ll possible be time for extra restructuring. If that fails, Lucid can at all times .

Talking of stalled EV development, a lot of the main US producers have laid off employees previously yr. Tesla’s however Rivian has additionally been . The identical is .

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