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Lucid trims U.S. staff by 18%, disbands COO role

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Source: CNBC
Lucid trims U.S. staff by 18%, disbands COO role
Photo: CNBC
TL;DR

Lucid will cut about 18% of its U.S. workforce and eliminate the COO role (Marc Winterhoff) as it shuts the second shift at AMP-1 to save roughly $158 million annually, with about $32 million in severance charges; the moves follow CEO Silvio Napoli’s operational review and need to reduce elevated inventory, even as the company posted a $2.7 billion loss on $1.35 billion revenue in 2025 and negative $3.8 billion in free cash flow.

Topics:business#amp-1-factory#business#cost-savings#inventory-management#layoffs#lucid-group
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  1. Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves  CNBC
  2. EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits  Reuters
  3. Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’  TechCrunch
  4. Exclusive: Lucid Fires COO Marc Winterhoff Weeks After His Return to the Role  eletric-vehicles.com
  5. Lucid to Cut 18% of U.S. Workforce as Restructuring Continues  WSJ

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