By Naveen Athrappully Electric vehicle manufacturer Lucid Motors plans to lay off hundreds of workers as part of a cost control initiative amid weakening EV demand. On May 24, Lucid announced a restructuring plan to “optimize” the company’s operating expenses by reducing its current workforce by roughly 400 employees, or around six percent of the […]
Tag: Consumer Price Index (CPI)
A consumer price index is a price index, the price of a weighted average market basket of consumer goods and services purchased by households.