Location: Newark, California, USA.
Based on news reporting.
Lucid Group, Inc. has announced a second round of layoffs in 2026, impacting approximately 500 employees as the demand for electric vehicles continues to decline. This decision comes as part of the company's efforts to streamline operations and reduce costs in response to the challenging market conditions. The layoffs are set to take effect at the beginning of January 2026, following a previous round of job cuts earlier in the year. Lucid's management has indicated that these measures are necessary to ensure the company's long-term viability and competitiveness in the evolving automotive landscape.
Lucid Group, Inc. cut 500 jobs as of January 1, 2026.
LayoffTalk has tracked 15 layoff events at Lucid Group, Inc. since October 2023, affecting a combined 4,703 employees.
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