Lucid Cuts Workforce Again Within Two Months, New CEO Slashes 18% of Staff in Restructuring Push

U.S. electric vehicle maker Lucid announced it will cut approximately 18% of its workforce—around 1,500 employees—including full-time staff, contractors, and hourly production workers. This marks the company’s second major round of layoffs in four months, following a previous reduction of 12%. The latest restructuring was spearheaded by new CEO Silvio Napoli, who took office two months ago, with the aim of streamlining the company’s structure, improving execution efficiency, and strengthening long-term competitiveness. As of the end of 2025, Lucid employed 9,000 people globally and had not yet implemented the 12% workforce reduction announced in February of this year. The company estimates that the current round of layoffs will better align its production plans with anticipated market demand and generate annual cost savings of approximately $158 million. The restructuring is expected to be completed by the third quarter of 2025, with Lucid incurring roughly $32 million in severance expenses. Founded in 2007 as Atieva, a battery technology company, Lucid was co-founded by former Tesla vice president and board member Bernard Tse and ex-Oracle executive Sam Weng. Its current product lineup includes the Lucid Air luxury all-electric sedan and the Lucid Gravity all-electric SUV.