Why is Lucid laying off 12% of its U.S. workforce?

Lucid is laying off 12% of its U.S. workforce to improve its gross margin and long-term growth.

Which Lucid employees are affected by the layoffs?

Approximately 12% of Lucid's U.S. workforce is affected, but hourly production employees at the Arizona facility are not impacted.

When did Lucid announce these workforce reductions?

Lucid announced the layoffs on Friday, February 20, 2026.

Home / Business and Economy / Lucid Slashes 12% of U.S. Staff to Boost Growth

Lucid Slashes 12% of U.S. Staff to Boost Growth

20 Feb

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Summary

Lucid is laying off 12% of its U.S. workforce.
The EV maker aims to improve gross margin and growth.
Hourly production employees in Arizona are unaffected.

Lucid Slashes 12% of U.S. Staff to Boost Growth

Lucid, the electric vehicle manufacturer, has announced a significant workforce reduction, implementing layoffs affecting 12% of its United States employees. This decision, made on Friday, February 20, 2026, is part of a strategic initiative to enhance the company's gross margin and foster sustainable long-term growth.

The company, which had approximately 6,800 full-time employees globally as of December 31, 2024, has assured that these workforce adjustments will not extend to the hourly production staff at its manufacturing plant located in Arizona. The news of these layoffs was initially reported earlier in the day.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.