Lucid Motors is cutting roughly 1,500 positions, or 18 percent of its workforce, and shuttering a second shift at its Arizona plant. The reductions mark the second round of layoffs in four months under a CEO who began work three weeks ago, as the EV market slows and the company eyes about $158 million in yearly savings.
The action marks the second large-scale layoff since a leadership team barely three weeks old assumed control.
Napoli inherits an operation that has seen more than a dozen senior executives depart over the past two years.
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Virgin Media O2 plans thousands of job cuts and will halt further full-fiber network investment to target £800 million in cost savings by 2029. The changes follow several quarters of falling revenue at the UK's second-largest telecoms provider.
Rivian’s R2 was the company’s best-selling vehicle by volume in the third quarter, though Rivian did not disclose R2 unit counts. Revenue rose 38% to $2.155 billion, software and services revenue rose 45% to $605 million, and the automotive gross loss narrowed year over year.
Auroch Digital, the Bristol studio behind Boltgun 2, said it has begun a redundancy consultation affecting around a quarter of roles as it restructures. It is owned by Roundtable Interactive. Support for Boltgun 2 and Warhammer Survivors (launching Nov 10) will continue. It gave no headcount.
Ionity secured up to 600 million euros to expand its European charging network while SNCF introduced stricter bicycle and scooter rules for high-speed trains. A BYD plug-in hybrid demonstrated independent wheel lifting to bypass a clamp.
Tesla unveiled its next-gen Roadster in three configurations, including a one-seat Rocket version that can fly. Tesla lists more than 300 miles of range, more than 230 mph and 0–60 in under 0.59 seconds for the Rocket. Deposits are $50,000 (Performance) and $250,000 (Thrust); Rocket is invite-only. Final prices aren't announced, and production starts in 2028.
