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Lucid Motors is laying off 1,500 employees, 18% of its workforce, and ending the second shift at its Casa Grande factory. The cuts follow a 12% reduction in February and aim to save $158 million. COO Marc Winterhoff is departing as the company eliminates that role under new CEO Silvio Napoli.
Lucid Motors is cutting 18 percent of its U.S. workforce, roughly 1,500 employees, and eliminating the second production shift at its Arizona factory. The layoffs, the second round this year, come under new CEO Silvio Napoli as the company prepares for the sub-$50,000 Cosmos SUV launch. The COO role has been eliminated.
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