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Wajeeh Khan

LCID Stock Layoffs: What to Know About the Latest Lucid Job Cuts

LCID Lucid Marc Winterhoff Lucid Group

Lucid Group (LCID) shares are being sold off on Monday morning after management announced a fresh wave of corporate restructuring.

The luxury electric vehicle (EV) maker is cutting its U.S. workforce by about 18% and eliminating the second production shift at its AMP-1 facility in Casa Grande, Arizona.

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