Lucid lays off 18% of staff, its second deep cut in four months

Lucid lays off 18% of staff, its second deep cut in four months

Lucid cuts 18% of workforce (1,500 headcount) and eliminates Casa Grande's second shift, citing demand misalignment and targeting $158M annual savings. Under new CEO, back-to-back layoffs and executive departures signal structural reset; Cosmos sub-$50k is now the entire game—demand-side risk, not engineering or execution, remains the core vulnerability.