Lucid Motors layoffs 2026 explained: Lucid Motors announces a significant layoff of 1,500 employees, amounting to 18% of its workforce, as the company restructures operations ahead of the Lucid Cosmos SUV launch amid ongoing financial challenges.

June 22 : EV maker Lucid Group said on Monday it would cut about 18 per cent of its U.S. workforce and announced COO Marc Winterhoff had left the company, in a major shake-up…

Lucid is cutting 1,500 jobs and eliminating its second factory shift four months after a prior 12% cut, as new CEO Silvio Napoli restructures the EV maker.

The cuts and redundancies are part of a plan to "simplify the company," the CEO says.

It's the company’s second round of layoffs this year.