Electric car company Lucid Motors announced layoffs at its southern Arizona facility.
The company is going to lay off 968 employees at their Casa Grande plant, according to a Worker Adjustment and Retraining Notification Notice.
“Given evolving business needs and productivity improvements, we are reducing the size of our organization by approximately 18%, which will affect Lucid employees and contractors,” CEO Peter Rawlinson said in a statement last Tuesday. “This action is aligned with the cost discipline announcement we made in late February when we reported earnings. We are also taking continued steps to manage our costs by reviewing all non-critical spending at this time.”
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