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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
Tech company ditches Bay Area office, moves HQ to Texas
Solar Shingle Maker GAF Energy Shutters San Jose Plant, Axes 138 Jobs for Texas
Aug 8, 2026
logo
$17.3 Million Fines Await Firms Hiding AI-Generated Media Under New EU Rules
Aug 8, 2026
UK chip startup Olix raises $312M at $3.3BN valuation
A 25-year-old’s chip startup just tripled its valuation to $3.3 billion
Aug 8, 2026
The Regulatory Review
Vague Laws and Lobbyist Cash Let Big Tech Write Its Own Rules
Aug 8, 2026
Ceutar.r
72 Dead, 50,000 Cross in Hours as Migrant Surge Overwhelms Spanish Enclave Ceuta
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