Lucid Group to Cut U.S. Workforce by 18 Percent, Eliminate COO Role, and End Second Shift at Arizona Factory

Lucid Group said Monday it will cut its U.S. workforce by approximately 18 percent and eliminate the chief operating officer position. The electric vehicle maker said the reductions will produce annualized cost savings of about $158 million.

Chief Operating Officer Marc Winterhoff is leaving the company effective immediately, and the COO role has been eliminated. Winterhoff had served as interim CEO until Silvio Napoli assumed the position on June 1. The workforce reductions cover full-time employees, contractors and hourly production workers in manufacturing.

Lucid had about 9,000 employees globally as of December. The company expects to incur cash charges of roughly $32 million for severance, benefits and transition costs. Lucid will also end the second shift at its AMP-1 factory in Arizona.

The company laid off about 12 percent of its U.S. workforce in February. Lucid suspended its guidance last month after stating that Napoli would evaluate business operations. It said it needs to lower its elevated inventory of vehicles.

The company lost $2.7 billion on revenue of $1.35 billion in 2025 and recorded negative free cash flow of $3.8 billion, up 31 percent from the prior year. Lucid held its first investor day in nearly five years in March.