BUZZ-Lucid falls after announcing 18% job cut

Lucid

Lucid

LCID

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* Shares of EV maker Lucid Group LCID.O down 4.6% at $5.12

* Lucid to cut about 18% of its U.S. workforce

* Chief Operating Officer Marc Winterhoff departs from company

* Restructuring to deliver annualized cost savings of about $158 million

* Shares of Lucid were down 51.8% YTD, including session moves


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