Lucid to cut 400 jobs in latest sign of stress for EV market

πŸš—πŸ”Œ Lucid Group to cut 400 jobs amid slowing EV market, highlighting industry stress. #EV #LucidMotors

Lucid Group Inc. will eliminate about 400 jobs in the coming months, the latest move by an electric-vehicle maker to cut costs in a dramatically slowing market for plug-in cars.

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