Lucid falls after announcing 18% job cut

Lucid

22/06/2026 18:16

* Shares of EV maker Lucid Group LCID.O down 4.6% at $5.12
* Lucid to cut about 18% of its U.S. workforce
* Chief Operating Officer Marc Winterhoff departs from company
* Restructuring to deliver annualized cost savings of about $158 million
* Shares of Lucid were down 51.8% YTD, including session moves

 (Reporting by Arunesh Sinha in Bengaluru)
 ((arunesh.sinha@thomsonreuters.com))