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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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Video: Welding Sparks May Have Caused Huge Fire At Gujarat Gaming Zone

A CCTV footage of the fire at a gaming site at Gujarat's Rajkot that has now emerged, shows the fire had started while welding. Twenty-eight people, nine of them children, were killed in the massive blaze that broke out on Saturday.

The footage shows the fire spreading from the sparks emitted during the welding.

Despite efforts to extinguish it, the fire spread.

A police case has been filed against six partners of the game zone that was operating without a license. Two persons -- the owner and the manager of the site -- have been arrested.



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