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Lucid Layoffs: EV Maker Trims 18% Of US Workforce; COO Marc Winterhoff Departs

In an effort to increase profitability in the face of intensifying competition, EV manufacturer Lucid Group said on Monday that it will lay off roughly 18% of its US personnel and that COO Marc Winterhoff has departed the firm. This was the company's second significant managerial move in recent months. The company's shares were down almost 4%, as reported by Reuters . The layoffs reflected the growing pressure on EV manufacturers like Lucid to control expenses as buyers move towards more affordable models and as profitability is impacted by growing competition from both established automakers and recent arrivals. ALSO READ | India's Fragmented Water Governance Raises Fiscal Risks, Warns Moody's The company, which employed over 9,000 people worldwide as of Dec. 31, 2025, stated that hourly factory workers, contractors, and full-time staff will all be impacted by the reduction. Additionally, it eliminated the second shift at its main EV production plant, the AMP-1...
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England vs Pakistan 1st T20I Live Score Updates: Will Rain Play Spoilsport?

England vs Pakistan 1st T20I, Live Updates: England will be taking on Pakistan in the 1st T20I of the four-match series on Wednesday in Leeds. Pakistan will be coming to clash after winning the three-match T20I series against Ireland by 2-1 scoreline. Babar Azam and co have released pacer Hasan Ali from the squad, seeing the fitness of Haris Rauf. On the other hand, England will be playing without Liam Livingstone, who is recovering from his knee injury. Apart from this, the likes of Jos Buttler, Jonny Bairstow, Phil Salt, Sam Curran, and others have joined the England squad, coming from IPL. (Live Scorecard) 



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