Salt Lake Tribune business coverage for Salt Lake City and the surrounding area.
Lucid cut around 75 employees, roughly 7% of its staff, on Sept. 26, a day before the Silicon Slopes Summit started at the Delta Center.
“The reality is that Lucid is a strong business that has grown steadily for over a decade. We continue to grow, we are profitable, and by all accounts, our prospects are bright,” Grow wrote. But the company is focusing on “furthering profitable growth” for a sustainable future, he continued, and the reductions are to make room for “emerging opportunities that can help us provide greater value to our customers.
Lucid was founded in South Jordan in 2010 and still keeps its global headquarters there, though it also has offices in Raleigh, North Carolina; Amsterdam, The Netherlands; and Melbourne, Australia.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man who shot at officer during West Valley City traffic stop pleads guilty to felony chargesThe Salt Lake Tribune breaking news in Utah, Salt Lake City and the surrounding area.
Read more »
In Utah’s construction boom, solar jobs are leading outThe Salt Lake Tribune breaking news in Utah, Salt Lake City and the surrounding area.
Read more »
Park City fires up EngineHouse, its largest affordable housing project to dateThe Salt Lake Tribune breaking news in Utah, Salt Lake City and the surrounding area.
Read more »
Utah’s first bank turns 150, touting its bond to ‘community’Salt Lake Tribune business coverage for Salt Lake City and the surrounding area.
Read more »
From brunch to beer, these three restaurants are must-visits during Ogden Eats monthSalt Lake Tribune food coverage for Salt Lake City and the surrounding area.
Read more »
What drives Utah’s economy?Salt Lake Tribune business coverage for Salt Lake City and the surrounding area.
Read more »