Lucid lays off 18% of staff, its second deep cut in four months

Lucid Motors announced a workforce reduction of 18%, impacting approximately 1,500 employees, on April 23, 2024. This marks the second significant layoff for the electric vehicle manufacturer within a four-month period, following a 12% staff cut earlier in 2024. In addition to the layoffs, Lucid confirmed the elimination of the second production shift at its Casa Grande, Arizona facility. These measures are implemented under new leadership that took charge just three weeks prior to the announcement. The company's actions coincide with a cooling US electric vehicle market and a broader trend of automakers scaling back their EV production plans. The EV market has seen increased competition and a slowdown in demand, prompting strategic adjustments across the industry.