Lucid Cuts 18 Percent of US Workforce in Cost-Saving Push

Electric vehicle maker Lucid Motors is cutting 18 percent of its U.S. workforce as part of a cost-saving plan.

The Saudi Arabia-backed company disclosed the layoffs on Monday in a filing with the Securities and Exchange Commission, saying the reductions are expected to generate annualized cost savings of about $158 million.

According to the filing, the workforce reductions affect full-time employees, contractors, and hourly production workers in manufacturing. As part of the move, Lucid has eliminated the second production shift at its factory in Casa Grande, Arizona, the company’s primary EV manufacturing facility.

Lucid also told federal regulators that chief operating officer Marc Winterhoff, who had served as interim CEO until Silvio Napoli took over the top position on June 1, is leaving the company effective immediately. The company said the COO role has been eliminated.

The decision is meant to “advance the company’s path toward profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, and aligning production plans with anticipated demand,” Lucid said in the filing.

The latest round of cuts comes just four months after Lucid reduced its U.S. workforce by 12 percent. The company reported having about 9,000 employees globally at the end of 2025, before the February reduction.

The restructuring comes as Lucid works toward releasing its first mass-market vehicle later this year, the Lucid Cosmos SUV, a product that would expand the brand beyond its premium Air sedan and Gravity SUV.

The lower-cost EV is expected to start at under $50,000 and compete in a segment closer to the Tesla Model Y, the best-selling EV in the United States.

At the same time, Lucid is seeking to expand into autonomous vehicles through a partnership with Uber and Nuro on a luxury robotaxi service expected to launch later this year in San Francisco.

The company has recently gone through a series of leadership shakeups. Peter Rawlinson, Lucid’s former chief executive and chief technical officer, resigned in February 2025. Since then, Lucid has fired its chief engineer, Eric Bach, who is challenging his dismissal in federal court in California.

According to Lucid’s most recent financial report, the company built 18,378 vehicles last year, more than double its 2024 output.

Still, Lucid reported an adjusted loss of $2.7 billion on $1.35 billion in revenue for full-year 2025, including a worse-than-expected fourth-quarter loss of $814 million.

The results come as the global EV market continues to expand, though unevenly. According to the International Energy Agency’s annual outlook, global EV sales grew 20 percent in 2025 to more than 20 million vehicles, with electric vehicles accounting for one in four new cars sold worldwide.

Sales dipped in the two largest markets—the United States and China—following reductions or expirations of government incentives, while many other countries and regions maintained strong momentum.