🚀 Business & Startups🌐 Global
Lucid Slashes 1,500 Jobs in Second Major Layoff Round, COO Also Exits
mint - companies·Tuesday, 23 June 2026
US electric vehicle maker Lucid Group is cutting roughly 1,500 jobs, its second major round of layoffs in four months. The company's COO Marc Winterhoff is also leaving as the US EV market continues to cool.
Why It Matters
Lucid's struggles are a clear signal that the EV boom in the US is hitting serious turbulence, which has wider implications for the global EV industry including Indian players eyeing overseas markets.
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