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● LIVE Updated 1d ago · 14 sources tracked

Lucid lays off 18% of staff, its second deep cut in four months

Lucid is reducing its U.S. workforce by roughly 18%, affecting about 1,500 employees. New CEO Silvio Napoli is implementing these cuts to simplify the company and align production with demand. The move includes eliminating a production shift at the Arizona factory.

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What changed

Lucid announced a second round of deep cuts within four months following a previous 12% reduction.

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  1. Lucid Cuts 18% of Staff in Second Major Layoff of the Year

    Lucid is reducing its U.S. workforce by roughly 18%, affecting about 1,500 employees. New CEO Silvio Napoli is implementing these cuts to simplify the company and align production with demand. The move includes eliminating a production shift at the Arizona factory.

    What's confirmed:

    • Lucid is laying off roughly 18% of its U.S. workforce, which equals approximately 1,500 jobs.
    • This is the second major workforce reduction in four months, following a previous 12% cut.
    • COO Marc Winterhoff is departing the company effective immediately.
    • The company is eliminating a production shift at its Arizona factory to align production plans with anticipated demand.
    • CEO Silvio Napoli is restructuring the company to simplify the organization.

    Still unconfirmed:

    • The company expects $158 million in annual savings from these cuts.
    • The layoffs are occurring ahead of an SUV launch.
    confidence 95%