Lucid Layoffs 2026: 29% Workforce Cut Since February

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Lucid Motors has cut close to 29% of its workforce so far in 2026, after two separate rounds of layoffs in under 6 months. 

The latest cut, announced in June, removed 18% of staff and came just 4 months after a 12% reduction in February.

LUCID Layoffs in June

According to the official SEC Filings, Lucid is basically telling investors that this whole shake-up is about getting closer to making money and not burning through cash so fast. 

“On June 22, 2026, Lucid Group, Inc. announced a plan designed to advance the Company’s path toward profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, and aligning production plans with anticipated demand. 

This involves a reduction of the Company’s current U.S. workforce by approximately 18 percent, including full-time employees, contractors, and hourly production workers in manufacturing.”

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The company wants a leaner structure and tighter spending.

The latest jobs cut applies to its U.S. workforce, and it is not just desk jobs. It covers full-time staff, contractors, and even hourly workers on the factory floor.

On top of that, Lucid confirmed it is shutting down the second shift at its AMP-1 factory, meaning fewer cars rolling off the line each day. 

The company expects to save about $158 million a year from all this, while spending roughly 32 million dollars upfront on severance and other costs tied to letting people go. 

The layoffs are not just about office jobs. Lucid is also eliminating the second production shift at its factory in Casa Grande, Arizona, which is where the company builds its vehicles. 

Lucid says it wants this whole process wrapped up by the end of September 2026.

The 12% Layoffs in February

This was not the first time Lucid had to make this kind of tough call. 

In February 2026, Lucid Motors cut around 12% of its workforce. At the time, the company pointed to many of the same reasons it would repeat months later: aligning production with actual demand, trimming costs, and trying to move closer to profitability. 

That cut affected employees across the company and came during a period when Lucid was already dealing with leadership instability, since founder and longtime CEO Peter Rawlinson had stepped down just a year earlier.

The February layoffs were widely seen as a sign that Lucid's growth plans were running ahead of real buyer demand. Even though the company had been ramping up production of vehicles like the Air sedan and Gravity SUV, deliveries were not matching expectations.

Looking back, that February reduction now reads less like an isolated fix and more like the first step in a longer pattern.

Lucid reported having about 9,000 employees globally at the end of 2025. 

The February cut removed roughly 1,080 of those jobs. The June cut, measured against the smaller headcount left after February, removed another 1,500 jobs. Add those two numbers together, and Lucid has let go of roughly 2,580 employees in 2026 alone. 

Bottom Line

Lucid's situation reflects a wider slowdown across the EV industry in the US. Several major automakers have been pulling back on their EV plans as consumer demand softens. 

Also, Lucid Motors is at a turning point. Two rounds of layoffs within four months, alongside the complete removal of its Chief Operating Officer role and the loss of more than a dozen senior executives in two years. 

That paints a picture of a company that has been struggling to find stability even as it tries to build some of the most advanced electric vehicles on the market. 

For a broader look at how 2026 has unfolded across the tech world, this running list of US layoffs in 2026 tracks every major cut month by month.