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  • Lucid Slashes 30% of Its Workforce in Four Months, Kills COO Role and Suspends Production Guidance as Losses Hit $2.7 Billion
EV maker Lucid is reducing its U.S. workforce by 18%
Layoffs
Lucid Slashes 30% of Its Workforce in Four Months, Kills COO Role and Suspends Production Guidance as Losses Hit $2.7 Billion
Founder News Team Jun 23, 2026 0

Lucid Group announced its second major round of layoffs in 2026, cutting approximately 1,500 positions — 18% of its US…

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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
Poppi founder launches hydration startup Jetty
Poppi’s Founder Bets $10.5 Billion Hydration Market Can Beat Boring Water
Nov 8, 2026
As Europe prepares for the worst, Britons get schooled in preparedness
Britain Revives Cold War-Era Survival Advice as Cyberattacks Hit Hospitals and Supermarkets
Nov 8, 2026
Jordanian Delegation Participates in OECD Women's Economic Empowerment Forum in Paris
Jordanian Women Leaders Seek Startup Models at Europe’s Largest Tech Campus
Nov 8, 2026
Hacker. Autonomous AI Agents.
Cyberspace’s next rulers will seize power grids, hospitals, and undersea cables
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