Lucid Motors planning to cut 400 jobs

The electric car manufacturer with a facility in Casa Grande intends to reduce its workforce by 6%. About 60 salaried jobs in Arizona will be affected.CASA GRANDE, Ariz. — Lucid Motors, the electric car manufacturer with a plant in Casa Grande, is planning to reduce its workforce by 6%.

Lucid estimates spending up to $25 million in severance payments and employee benefits to complete the reduction plan. CEO Peter Rawlinson told employees in an email that the plan will not impact Lucid's hourly manufacturing and logistics workforce.

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Ford names ex-Lucid Motors exec as next CFO, promotes current chiefFord named the former CFO of electric vehicle startup Lucid to replace its current CFO, who is being promoted to more closely see the company's turnaround plan.
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