Lucid cuts 1,500 U.S. jobs, eliminates Arizona shift

Luxury electric vehicle manufacturer Lucid Group announced a major restructuring on Monday, June 22, 2026, eliminating approximately 18% of its U.S. workforce and cutting a production shift at its Arizona factory. The layoffs, affecting about 1,500 full-time employees, contractors, and hourly workers, mark the company's second significant workforce reduction this year as it seeks to reduce costs and align production with softening market demand.

The company expects the restructuring to generate roughly $158 million in annual savings, though it will incur about $32 million in one-time charges for severance and employee benefits. This follows a round of layoffs in February that cut 12% of the U.S. workforce, a move aimed at saving $500 million over three years. A company spokesperson described the latest decisions as difficult but necessary to align production with demand, reduce inventory, and adapt to declining market conditions.

The restructuring includes significant operational and leadership changes. Lucid is eliminating the second production shift at its AMP1 manufacturing facility in Casa Grande, Arizona. Chief Operating Officer Marc Winterhoff, who had served as interim...