Live Feeds
● LIVE Updated 1h ago · 17 sources tracked

Luxury Bay Area carmaker announces massive layoffs for the 2nd time this year

Lucid is reducing its U.S. staff by roughly 18%, which equates to about 1,500 jobs. This move follows a 12% cut four months ago as the company seeks profitability under CEO Silvio Napoli. The plan includes eliminating a production shift in Arizona and removing the COO role.

RSS Source map (16)

What changed

Lucid announced a second round of layoffs this year, cutting 18% of its U.S. workforce.

Live updates

  1. Lucid Motors Cuts 18% of U.S. Workforce in Second Layoff Round This Year

    Lucid is reducing its U.S. staff by roughly 18%, which equates to about 1,500 jobs. This move follows a 12% cut four months ago as the company seeks profitability under CEO Silvio Napoli. The plan includes eliminating a production shift in Arizona and removing the COO role.

    What's confirmed:

    • Lucid is laying off roughly 18% of its U.S. workforce.
    • The workforce reduction involves approximately 1,500 jobs.
    • This is the second round of layoffs for the company this year.
    • COO Marc Winterhoff is leaving the company.
    • Lucid is eliminating a production shift in Arizona.
    • A previous layoff of 12% of staff occurred four months ago.
    confidence 100%