Lucid Cuts 18% of Workforce and Kills COO Role: The Startup Reality of Scaling EVs
Once a SPAC darling, Lucid Group is now aggressively slashing costs: an 18% headcount reduction, the elimination of the COO role, and a factory shift cut. For the startup ecosystem, it's a textbook move from growth-at-all-costs to survival mode—a pivot many venture-backed hardware companies will study closely.