Electric vehicle maker Lucid slashes jobs and executive roles after reporting record deliveries in 2025 amid ongoing operational challenges.
Lucid Group (NASDAQ: LCID) announced an 18% workforce reduction, aiming to save $158 million annually. The move follows a series of high-profile executive departures, including the elimination of the COO position previously held by former interim CEO Marc Winterhoff.
The company reported record deliveries of 15,841 vehicles in 2025 after overcoming earlier production issues. However, recent executive exits and organizational restructuring have raised concerns about stability as Lucid prepares to scale production of its Gravity SUV.
Lucid has halved the number of positions reporting directly to the CEO, citing efforts to streamline operations. The restructuring comes as the automaker faces renewed operational hurdles in 2026.