Lucid Group announced Monday that it will lay off approximately 18% of its U.S. workforce, including Chief Operating Officer Marc Winterhoff, as the electric-vehicle manufacturer continues to streamline its operations and reduce costs in response to slowing demand. The job cuts, which affect full-time employees, contractors, and hourly workers, are the second round of layoffs at the company this year.
The elimination of the COO position means Winterhoff will be eligible for severance benefits, Lucid said. The company expects to record roughly $32 million in cash charges stemming from the cuts, mostly tied to severance, employee benefits, and employee transition costs. Lucid said the reductions will generate annual cost savings of about $158 million.
As part of the restructuring, Lucid has eliminated the second production shift at its AMP-1 manufacturing facility in Arizona. The layoffs are expected to be substantially complete by the end of the third quarter of 2026.
Lucid employed approximately 8,000 people globally as of Dec. 31, before accounting for the February layoffs of about 12% of its U.S. workforce. The company did not disclose its current headcount in Monday’s announcement.
The cuts at Lucid follow news last week that rival electric-vehicle maker Rivian laid off hundreds of employees as it seeks to achieve profitability while launching a key new model, as reported by The Wall Street Journal. The moves come amid a broader slowdown in EV sales growth and increasing financial pressure on emerging automakers to conserve cash and reach sustainable production levels.