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

Source: Business Insider

Lucid said it's cutting a production shift to align "production plans with anticipated demand. " Its COO is out, too — and won't be replaced. Lucid MotorsLucid Motors plans to lay off around 18% of the company to align "production plans with anticipated demand.