Lucid Cuts About 18% of Its U.S. Workforce and Ends a Factory Shift
CONFIRMED88% CONFIDENCELucid's Form 8-K says "On June 22, 2026, Lucid Group, Inc. (the "Company") announced a plan" involving "a reduction of the Company's current U.S. workforce by approximately 18 percent".[1]
Lucid is cutting about 18% of its U.S. workforce, roughly 1,500 people including factory workers, ending the second shift at its Arizona plant; COO Marc Winterhoff is out as the role is eliminated.
$32M
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