Lucid Group has cut nearly a fifth of its US workforce and scrapped the chief operating officer role altogether, the clearest sign yet that the California‑based electric vehicle maker is racing to stay afloat in a slowing market.
The company disclosed the cuts in a regulatory filing with the US Securities and Exchange Commission on Monday, 22 June 2026. It is Lucid's second mass lay‑off in four months and comes barely three weeks after Silvio Napoli formally took the helm as chief executive. Outgoing chief operating officer Marc Winterhoff, who briefly ran the company as interim CEO earlier this year, left with immediate effect once his post was abolished.
