Lucid Motors is laying off 18% of its workforce, or round 1,500 workers, simply 4 months after the EV maker reduce 12% of its workers. The corporate stated on Monday that it has additionally “eradicated the second shift” of EV manufacturing at its manufacturing unit in Casa Grande, Arizona.
The cuts are a part of a bid by Lucid’s new CEO, Silvio Napoli, to “simplify the corporate, sharpen execution, and place Lucid to turn out to be extra aggressive over time,” the corporate stated in a press release. The lay-offs come as the electrical automobile market in the USA has cooled, with main automakers pulling electrical fashions from their very own product plans.
Marc Winterhoff, who served as interim CEO for greater than a 12 months till Napoli took the job, has additionally left the corporate. Winterhoff, Napoli, and the corporate had all beforehand stated that Winterhoff would keep on as chief working officer after stepping down as interim CEO. In a regulatory submitting, Lucid Motors stated it has eradicated the chief working officer place solely.
This spherical of cuts comes as Lucid Motors works towards releasing its first mass-market automobile later this 12 months, the Lucid Cosmos SUV. The lower-cost EV is meant to start out at underneath $50,000 and put Lucid Motors on the trail to profitability.
Lucid Motors can be trying to turn out to be a significant participant within the autonomous automobile house, partnering up with Uber and Nuro on a luxurious robotaxi service slated to launch later this 12 months in San Francisco. The corporate declined to touch upon whether or not any of its applications are being mothballed.
The Saudi Arabia-owned, publicly-traded firm has seen greater than a dozen high executives depart over the past two years. Longtime CEO Peter Rawlinson abruptly resigned in February 2025; Chief Engineer Eric Bach was let go in late 2025, and filed a wrongful termination lawsuit shortly after (although that lawsuit has been stayed pending arbitration); and Emad Dlala, one other longtime worker, resigned earlier this month just some months after being promoted to a high position.
The most recent cuts embody full-time workers, contractors, and hourly manufacturing employees. The corporate reported having 9,000 workers globally on the finish of 2025, previous to the 12% reduce in February.
Lucid stated the layoffs will assist it align “manufacturing plans with anticipated demand,” and generate annualized financial savings of round $158 million. The corporate expects the restructuring to finish by the third quarter of this 12 months.
Lucid pays roughly $32 million in severance. Winterhoff, the outgoing govt, will get severance, “sure safety help,” and can be capable to maintain his firm automobile, in keeping with the regulatory submitting.
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