It’s Lucid Motors quit the job 18% of its workforce, or about 1,500 workers, just four months after the power producer cut 12% of its workforce. On Monday, the company said it has “eliminated the second shift” of EV production at its factory in Casa Grande, Arizona.
The cuts are part of Lucid’s offering new CEO, Silvio Napolito “simplify the company, sharpen execution and position Lucid to be more competitive over time,” the company said in a statement. The layoffs come as the electric car market in the U.S. cools, with major automakers dropping electric models from their product plans.
Mark Winterhoff, who served as interim CEO for more than a year before Napoli took over, has also left the company. Winterhoff, Napoli and the company previously said Winterhoff will remain as chief operating officer after Winterhoff steps down as interim CEO. In regulatory filings, Lucid Motors said it has completely eliminated the position of chief operating officer.
The cuts come as Lucid Motors looks to launch its first mass-market vehicle, the Lucid Cosmos SUV, later this year. The cheaper EV is expected to start under $50,000 and put Lucid Motors on the path to profitability.
Lucid Motors is also looking to become a major player in the autonomous car space, partnering with Uber and Nuro on a luxury robotaxi service that will launch in San Francisco later this year. The company declined to comment on whether any of its programs had been exposed.
The publicly traded company, owned by Saudi Arabia, has seen more than a dozen top executives leave in the past two years. Longtime CEO Peter Rawlinson He resigned suddenly in February 2025; Chief engineer Eric Bach was fired at the end of 2025 and sued wrongful termination a lawsuit shortly thereafter (although that lawsuit was stayed pending arbitration); and another long-timer, Emad Dlala, resigned earlier this month just a few months after being promoted to the top job.
The latest layoffs include full-time employees, contractors and hourly production workers. The company said it had 9,000 employees globally at the end of 2025, before a 12% cut in February.
Lucid said the cuts will help align “production plans with anticipated demand” and save about $158 million annually. The company expects the restructuring to be completed in the third quarter of this year.
Lucid will pay about $32 million to exit the business. Winterhoff, who is stepping down, will be on leave, receive “certain security support” and will be able to keep a company car, according to regulatory filings.
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