{"id":566532,"date":"2023-03-29T10:49:09","date_gmt":"2023-03-29T05:19:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=566532"},"modified":"2023-03-29T10:49:09","modified_gmt":"2023-03-29T05:19:09","slug":"ev-startup-lucid-to-cut-about-18-of-its-workforce","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-startup-lucid-to-cut-about-18-of-its-workforce\/","title":{"rendered":"EV startup Lucid to cut about 18% of its workforce"},"content":{"rendered":"<p>Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.<\/p>\n<p>The maker of Air luxury sedan last month forecast 2023 production that fell well short of analysts&#8217; expectations and reported a major drop in orders during the fourth quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan. The maker of Air luxury sedan last month forecast 2023 production that fell well short of analysts&#8217; expectations and reported a major drop in orders during the fourth quarter.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-566532","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=566532"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566532\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=566532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=566532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=566532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}