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UPCOMING · ESTIMATEDPublished Jun 27, 2026

Lucid Motors Plans Over 1,000 Layoffs Amid Cost-Cutting Measures

SOURCENews reportView the filing ↗

EMPLOYEES AFFECTED
1,000
SHARE OF WORKFORCE
~14%
PLANNED DATE
Not disclosed
1,000 OF 7,000 EMPLOYEES

What we know

A specific layoff date has not been disclosed.

Based on news reporting.

Summary

Lucid Motors, the electric vehicle manufacturer, has announced plans to lay off more than 1,000 employees as part of its cost-cutting measures. This decision comes amid ongoing efforts to streamline operations and reduce expenses. The company has not specified a timeline for these layoffs or the departments that will be affected. The move reflects the challenges faced by Lucid Motors in the competitive EV market, as it seeks to improve its financial position and operational efficiency.

Lucid Group, Inc. cut 1,000 jobs.

That is roughly 14.3% of the 7,000 people Lucid Group, Inc. employs.

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.

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SOURCE
News reporting
View original source ↗

Estimated figure based on news reporting. Not yet confirmed by Lucid Group, Inc..

L
Lucid Group, Inc.LCID
Consumer Discretionary · 7,000 employees
16
EVENTS TRACKED
455
JOBS IN WARN FILINGS
View company profile

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CREATED JUN 28, 2026LAST UPDATED JUL 1, 2026