Lucid lays – Lucid Motors says it will lay off about 18% of its U.S. workforce—around 1,500 jobs—citing restructuring and cost savings of $158 million annually. The announcement lands amid executive turnover, production changes in Arizona, weak sales, and a sharp midday dr
Lucid employees were bracing for Monday like any other workday—until an SEC filing spelled out a cut large enough to change the company’s day-to-day reality. Lucid Motors said it is laying off about 18% of its U.S. workforce, or around 1,500 workers.
The EV maker said the reductions will reach across many groups, including manufacturing. In a statement shared with Fast Company. Lucid framed the move as an effort to match operations to where demand stands now. At midday trading on Monday, shares of Lucid Group, Inc (Nasdaq: LCID) were down about 4.5%.
Lucid’s filing ties the layoffs to a restructuring and cost-cutting plan aimed at saving $158 million annually. The plan also includes eliminating the second production shift of its Arizona factory—an immediate signal that the company is not only trimming headcount. but also adjusting how it turns capacity into output.
Just four months earlier, the Tesla rival cut 12% of its staff, according to the reporting included in Lucid’s announcement cycle. The newest round, Lucid said, will affect full-time employees as well as contractors and hourly workers.
Inside Lucid, the personnel changes are happening alongside leadership shakeups that have accelerated over the past month. The company confirmed that Chief operating officer Marc Winterhoff—who recently served as interim CEO—has left the company. Winterhoff’s departure comes just about a month after new CEO Silvio Napoli took over at the beginning of the month.
Those changes are unfolding against a backdrop that has increasingly weighed on EV makers in the American market. Lucid has been struggling with plummeting sales and has faced production and delivery issues tied to its Gravity SUV. The company recently suspended its full-year forecast after missing first-quarter earnings estimates in May.
The pressure isn’t just market demand. Lucid pointed to high costs and fierce competition as customers show less appetite for EVs, with the report noting that regulation has become less favorable under the Trump administration.
In the financial numbers Lucid itself reported, the strain is visible: Lucid reported a Q1 2026 revenue of $282.5 million, missing analyst expectations of $389.2 million.
The layoffs arrive just days after electric SUV maker Rivian cut hundreds of jobs in the name of “profitability,” underscoring how quickly the industry is shifting from growth targets to cost control.
Lucid Motors layoffs 1500 LCID stock EV industry restructuring SEC filing Arizona factory second shift eliminated Silvio Napoli Marc Winterhoff cost cutting $158 million Gravity SUV production issues Rivian layoffs profitability
So they’re laying off 1500 and the stock drops 4.5%… sounds like they knew this was coming.
I don’t get it, EV companies always blame “demand” but meanwhile they keep announcing more models. If they cut the second shift in Arizona too, doesn’t that mean the product is basically done?
Wait this says $158 million annually savings, right? Like they’re saving that much but still can’t sell cars?? Also the CEO change confuses me—did the old guy get fired or just quit quietly? I’m guessing market tanked bc of the Trump regulation thing they mentioned.
My cousin worked at an EV place and they always say “restructuring” like it’s not layoffs. 18% is wild. And Gravity SUV issues… I saw a headline once about delays so I’m like, yeah, that’s probably why. Sucks for the workers though.