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Lucid’s goal to ‘simplify’ the company includes 18% layoffs — and eliminating the COO role entirely

In the era of leaner companies, even the C-suite isn’t insulated from downsizing. Just look at Lucid.The luxury EV maker filed an 8-K to the SEC on Monday detailing plans to cut about 18% of its US workforce — including full-time employees, contractors, and hourly manufacturing workers at its AMP-1 factory in Arizona.But the restructuring is also notably impacting its C-Suite, with Lucid announcing “the elimination of the Chief Operating Officer position.” As a result,…

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