👥 HR & Workplace🌐 Global
Lucid Motors Cuts 1,500 Jobs — Nearly 30% of Its Workforce Gone in Four Months
Fast Company·Tuesday, 23 June 2026
Electric vehicle maker Lucid Group is laying off around 1,500 workers, or about 18% of its US workforce, in its second major round of cuts in four months. The company's COO Marc Winterhoff is also leaving as part of the restructuring. Lucid's stock fell following the announcement.
Why It Matters
The EV sector was supposed to be a job-creation engine — back-to-back mass layoffs at Lucid show how quickly the market has cooled and how vulnerable workers in emerging industries can be.
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