Lucid is cutting 18% of workforce amid slow sales

Lucid Air at company headquarters in Newark, Calif. — A Lucid Air is pictured at company headquarters in Newark, Calif.

March 29, 2023 10:22 AM

Lucid Motors is slashing its workforce by about 18 percent as the EV startup seeks to cut costs amid steep losses and softening demand for its Air sedan after a year and a half of production.

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