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Lucid is slashing 18% of its workforce as new CEO moves to simplify the company

The EV maker is eliminating roughly 1,500 jobs and scrapping a production shift at its Arizona factory, targeting $158 million in annual savings

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Lucid is slashing 18% of its workforce as new CEO moves to simplify the company

Lucid is slashing 18% of its workforce as new CEO moves to simplify the company

Published June 22, 2026 · Category: Markets

Overview

The EV maker is eliminating roughly 1,500 jobs and scrapping a production shift at its Arizona factory, targeting $158 million in annual savings

Source

Originally published at qz.com.

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