Electric-car manufacturer Lucid Group Inc. has announced layoffs affecting hundreds of workers. The Newark-based company is cutting positions to improve gross margins, though production staff at its Arizona factory will not be impacted. This move comes amid a series of recent layoffs in the Bay Area.
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Electric-car maker Lucid lays off hundreds of workers
Electric-car manufacturer Lucid Group Inc. has announced layoffs affecting hundreds of workers. The Newark-based company is cutting positions to improve gross margins, though production staff at its Arizona factory will not be impacted. This move comes amid a series of recent layoffs in the Bay Area.