Lucid Motors laying off 18% of US workforce, COO resigns

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Dive Brief:

Luxury electric vehicle maker Lucid Motors is laying off 18% of its U.S.-based hourly and salaried workforce to adapt to declining market conditions, the automaker confirmed to WardsAuto.

The company also confirmed the departure of Chief Operating Officer Marc Winterhoff, effective immediately, after the COO role at Lucid was eliminated.

“These are difficult decisions taken to align production with demand, reduce inventory, and adapt to declining market conditions,” a Lucid spokesperson said in an emailed statement to WardsAuto. “They are part of a broader effort to simplify the company, sharpen execution, and position Lucid to become more competitive over time.”