{"id":2692,"date":"2026-06-22T18:09:18","date_gmt":"2026-06-22T18:09:18","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2692"},"modified":"2026-06-22T18:09:18","modified_gmt":"2026-06-22T18:09:18","slug":"ev-maker-lucid-to-cut-about-18-of-us-workforce-coo-winterhoff-exits","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2692","title":{"rendered":"EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>June 22 (Reuters) &#8211; EV maker Lucid Group (LCID.O)<svg><\/svg><span>, opens new tab<\/span> said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking \u200bits second major executive change in recent months as it tries to \u200bboost profitability amid growing competition.<\/div>\n<div>Shares of the company were down about \u20604%.<\/div>\n<div>The job cuts highlight mounting pressure on EV makers such as Lucid \u200bto rein in costs as consumers gravitate toward lower-priced models, while intensifying competition from \u200bestablished automakers and newer entrants weighs on profitability.<\/div>\n<div>Lucid declined to provide details on the number of employees impacted. However, the company, which had about 9,000 employees globally as of December 31, \u200bsaid the cuts would affect full-time employees, contractors and hourly manufacturing workers. It \u200balso scrapped the second shift at its AMP-1 factory, its primary EV production facility.<\/div>\n<div>In February, \u200cLucid \u2060had cut 12% of its U.S. workforce as it sought to conserve cash in an industry marked by heavy spending.<\/div>\n<div>The EV maker has been grappling with operational setbacks, including a supplier-related issue that disrupted deliveries of its Gravity SUV in February. Last \u200bmonth, the company suspended its \u200b2026 production outlook, \u2060pending a review of the business.<\/div>\n<div>The automaker has been counting on its Gravity SUV and upcoming mid-size vehicle platform to \u200bfuel growth, while pursuing a robotaxi rollout through partnerships with \u200bUber (UBER.N)<svg><\/svg><span>, opens new tab<\/span> and \u2060self-driving startup Nuro.<\/div>\n<div>The restructuring will result in about $32 million in severance and other employee-related charges, while delivering annualized cost savings of approximately $158 million, Lucid said.<\/div>\n<div>Winterhoff served as Lucid&#8217;s \u2060interim \u200bCEO for over a year after Peter Rawlinson stepped \u200bdown from the role in February 2025. In April, the EV maker appointed former Schindler chief Silvio Napoli \u200bas CEO.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2690\">Mapping the Market: Copper\u2019s pause may be setting the stage for the next leg up<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2688\">European leaders offer warm farewell to Starmer<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2686\">Can anyone fix Britain? Regular change of PM a symptom of UK\u2019s malaise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking \u200bits second major executive change in recent months as it tries to \u200bboost profitability amid growing competition.<\/p>\n","protected":false},"author":1,"featured_media":2691,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[151,100,101],"class_list":["post-2692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-manufacturing","tag-workforce","tag-world-at-work"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=2692\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits - Reliable Moving Crews\" \/>\n<meta property=\"og:description\" content=\"EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking \u200bits second major executive change in recent months as it tries to \u200bboost profitability amid growing competition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reliablemovingcrews.com\/?p=2692\" \/>\n<meta property=\"og:site_name\" content=\"Reliable Moving Crews\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-22T18:09:18+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#\\\/schema\\\/person\\\/34f02a869ba60b78ae3d994f205e0d24\"},\"headline\":\"EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits\",\"datePublished\":\"2026-06-22T18:09:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692\"},\"wordCount\":349,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/reliablemovingcrews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/0e1a353988a1360d174b76510683bfb8.avif\",\"keywords\":[\"Manufacturing\",\"Workforce\",\"World at Work\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692\",\"url\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2692\",\"name\":\"EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits - 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