Lucid Group Cuts 18% of Workforce Amid Financial Struggles

Lucid Group, Inc. has announced layoffs affecting approximately 1,300 employees, which represents 18% of its workforce. This decision comes as the electric vehicle manufacturer faces significant financial challenges and aims to streamline operations. The layoffs are part of a broader effort to reduce costs and improve efficiency amid declining stock prices and production hurdles. The company is headquartered in Newark, California, and these job cuts are expected to impact various departments as Lucid seeks to stabilize its business. The layoffs were confirmed in a recent statement from the company's management, highlighting the need for restructuring.

LayoffTalk has tracked 16 layoff events at Lucid Group, Inc. since January 2026, including 455 jobs documented in official WARN filings, with 14 additional events known from news reporting.