BUSINESS
Lucid is taking additional cost-cutting measures as competition in the electric vehicle market remains intense. The company expects the restructuring to generate significant annual savings while continuing to focus on future vehicle programs and strategic partnerships.
Lucid Announces Workforce Reduction and Leadership Change
Electric vehicle maker Lucid Group said it will reduce its U.S. workforce by approximately 18% and confirmed that Chief Operating Officer Marc Winterhoff has left the company.
The company said the workforce reduction will affect full-time employees, contractors, and hourly manufacturing staff. Lucid also plans to eliminate the second shift at its AMP-1 manufacturing facility, which serves as its primary vehicle production site.
Lucid did not disclose the total number of workers affected. The company reported around 9,000 employees worldwide at the end of December 2025.
The latest move follows a previous workforce reduction announced in February, when Lucid cut about 12% of its U.S. staff as part of efforts to preserve cash.
The company has faced several challenges in recent months, including a supplier-related issue that affected deliveries of its Gravity SUV earlier this year. In May, Lucid also paused its 2026 production outlook while conducting a review of its business operations.
Lucid is relying on the Gravity SUV and a planned mid-size vehicle platform to support future growth. The company is also pursuing a robotaxi initiative through partnerships with Uber and autonomous driving startup Nuro.
According to Lucid, the restructuring is expected to result in approximately $32 million in severance and related employee expenses, while generating around $158 million in annualized cost savings.
Winterhoff had served as interim CEO for more than a year after Peter Rawlinson stepped down in February 2025. In April 2026, Lucid appointed former Schindler executive Silvio Napoli as its chief executive officer.
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