Luxury EV maker Lucid is set to chop off 18% of its US workers, with most of the impact absorbed by its AMP-1 factory in Arizona. The company has eliminated the Chief Operating Officer (COO) role, with Marc Winterhoff leaving the company. Winterhoff will receive a severance package and continue to receive security support. The restructuring aims to make the company simpler and more efficient, align production with customer demand, and reduce excess inventory.
Lucid expects the layoffs and restructuring to generate around $158 million in annual cost savings. The company will also remove the second production shift at its Arizona factory. This is not the first workforce reduction at Lucid, with the company having already cut about 12% of its U.S. workforce in February 2026.
The company has experienced major leadership changes over the last year and a half, with former CEO Peter Rawlinson unexpectedly resigning in February 2025. Lucid has appointed Silvio Napoli as its permanent CEO, who previously led The Schindler Group. Napoli has taken over the planning for Lucid's cheaper SUV, which is slated to be launched later this year at a price lower than $50,000.
