This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ2R0U3_L.jpg
The company’s shares fell more than 7%.
Lucid, which makes luxury electric cars, will communicate details of the layoffs in the next three days, according to the report.
At the end of last year, the company had about 7,200 employees.
Lucid did not immediately respond to a Reuters request for comment.
