Lucid Motors is layoffs 18% of its workforce, or about 1,500 workers, just four months after the electric vehicle maker cut 12% of its workforce. The company said Monday that it has also “eliminated the second shift” of EV production at its Casa Grande, Arizona plant.
The cuts are part of an effort by new Lucid CEO Silvio Napoli to “simplify the company, improve execution and make Lucid more competitive over time,” the company said in a statement. The layoffs come as the electric vehicle market in the United States has cooled, with major automakers withdrawing electric models from their own product plans.
Marc Winterhoff, who served as interim CEO for more than a year until Napoli took the job, has also left the company. Winterhoff, Napoli and the company previously said Winterhoff would remain as CEO after stepping down as interim CEO. In a regulatory filing, Lucid Motors said it has eliminated the CEO position entirely.
This round of cuts comes as Lucid Motors works to launch its first mass-market vehicle later this year, the Lucid Cosmos SUV. The lowest-cost EV is supposed to start under $50,000 and put Lucid Motors on the path to profitability.
Lucid Motors is also trying to become a major player in the autonomous vehicle space, partnering with Uber and Nuro on a luxury robotaxi service set to launch later this year in San Francisco. The company declined to comment on whether any of its programs are affected.
The Saudi-owned, publicly traded company has seen more than a dozen top executives leave in the past two years. Longtime CEO Peter Rawlinson abruptly resigned in February 2025. Chief Engineer Eric Bach was fired in late 2025 and filed a wrongful termination lawsuit shortly thereafter (although that lawsuit has been held up in arbitration). and Emad Dlala, another longtime employee, resigned earlier this month, just months after being promoted to a top role.
The latest cuts include full-time workers, contractors and hourly production workers. The company said it had 9,000 employees worldwide at the end of 2025, before the 12% cut in February.
Lucid said the layoffs will help it align “production plans with expected demand” and generate annual savings of about $158 million. The company expects the restructuring to be completed by the third quarter of this year.
Lucid will pay approximately $32 million in damages. Winterhoff, the outgoing executive, will receive severance, “specific security support” and will be able to keep his company vehicle, according to the regulatory filing.
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