Straits Times Index
3,316.56 -6.06 (-0.18%) Nikkei
38,646.11 -457.11 (-1.17%) Hang Seng
18,608.94 -259.77 (-1.38%) FTSE 100
8,317.59 -21.64 (-0.26%) Bitcoin USD
68,572.69 +658.60 (+0.97%) CMC Crypto 200
1,432.51 -35.59 (-2.42%)
LCID Jun 2025 4.000 call
- Yahoo Finance Video
Lucid cutting 400 jobs, about 6% of workforce
Lucid Group (LCID) is cutting 400 jobs, or about 6% of its workforce, as part of a restructuring, according to a filing. The move comes a little more than a year after the EV maker cut 1,300 positions in a bid to cut costs. Lucid is expected to release its Gravity SUV later this year. In the video above, Yahoo Finance's Brad Smith and Seana Smith discuss the challenges Lucid is facing. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Barrons.com
Lucid Group Is Cutting 6% of Its Workforce. The Stock Is Down.
The electric-vehicle start-up says the job cuts are part of a restructuring plan to optimize its operating expenses.
- Simply Wall St.
Analyst Forecasts Just Became More Bearish On Lucid Group, Inc. (NASDAQ:LCID)
Today is shaping up negative for Lucid Group, Inc. ( NASDAQ:LCID ) shareholders, with the analysts delivering a...
