https://luckytaorem.github.io/blog/tags/lucid-motors/Recent content in Lucid Motors on Lucky Taorem | Tech & AI BlogHugoenWed, 24 Jun 2026 04:31:53 +0530https://luckytaorem.github.io/blog/posts/lucid-motors-new-ceo-cuts-18-of-staff-to-simplify-the-company/Wed, 24 Jun 2026 04:31:53 +0530https://luckytaorem.github.io/blog/posts/lucid-motors-new-ceo-cuts-18-of-staff-to-simplify-the-company/<h2 id="the-latest-layoffs-a-deep-dive-into-lucid-motors-restructuring" class="heading ">The Latest Layoffs: A Deep Dive into Lucid Motors’ Restructuring<a href="#the-latest-layoffs-a-deep-dive-into-lucid-motors-restructuring" aria-labelledby="the-latest-layoffs-a-deep-dive-into-lucid-motors-restructuring"> <!-- <i class="fas fa-link anchor"></i> --> <svg class="svg-inline--fa fas fa-link anchor" fill="currentColor" aria-hidden="true" role="img" viewBox="0 0 576 512"><use href="#fas-link"></use></svg>&nbsp; </a> </h2> <p>Lucid Motors, the electric vehicle (EV) manufacturer backed by Saudi Arabia’s Public Investment Fund (PIF), has announced a significant restructuring plan that includes laying off 18% of its workforce—approximately 1,500 employees. This move comes just four months after the company cut 12% of its staff, signaling a turbulent period for the EV startup as it grapples with a cooling market and internal challenges. The latest round of layoffs is part of a broader strategy by new CEO Silvio Napoli to &ldquo;simplify the company, sharpen execution, and position Lucid to become more competitive over time.&rdquo;</p>