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Lucid Motors Cuts U.S. Workforce by 18 Percent and Eliminates Second Shift at AMP-1
Lucid Motors announced an 18 percent reduction in its U.S. workforce and the end of the second production shift at AMP-1. The moves are projected to deliver $158 million in annualized savings.
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Lucid Motors announced a U.S. workforce reduction of approximately 18 percent along with the elimination of the second production shift at its AMP-1 plant. The company said the steps will generate $158 million in annualized cost savings and involve about $32 million in restructuring charges.
Marc Winterhoff, who served as chief operating officer and earlier as interim chief executive, has left the company. A Lucid spokesperson stated that the decisions were taken to align production with demand, reduce inventory, and adapt to declining market conditions. Winterhoff did not respond to a request for comment.
Several other senior leaders departed earlier. SVP of engineering and software Emad Dlala and SVP of strategy Claudia Gast both left this year. Chief engineer Eric Bach was fired in November after ten years and has filed a wrongful termination lawsuit against the company.
Business Insider reported the workforce and shift changes as part of broader efforts to adjust operations.
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