Lucid Motors announces it is cutting about 18% of its US workforce, eliminating roughly 1,500 jobs, as part of changes led by its new chief executive. The company also ends a second production shift at its manufacturing facility in Casa Grande, Arizona, and adjusts its operations to better match expected demand. Multiple reports say the changes are intended to simplify the company and reduce costs.
The layoffs come just months after Lucid previously reduced its workforce by 12%, reported as occurring four months earlier. Alongside the job cuts and production shift elimination, Lucid removes its chief operating officer (COO) role, with COO position and associated leadership changes reported as part of the restructuring. Carscoops and other outlets report Lucid expects about $158 million in annual savings resulting from the combined measures.
Overall coverage agrees that the restructuring includes workforce reductions, a reduction in production capacity via ending the second shift in Arizona, and leadership changes affecting the COO role, all described by the company as steps to align operations with anticipated demand and improve efficiency.
