Lucid to cut 12% of US workforce, posts quarterly results

Logo of Lucid Group

Lucid Group plans to lay off approximately 12% of its workforce in the US as part of a restructuring aimed at focusing on new models, expanding into autonomous robotaxi services, and developing other technologies.

The e-vehicle maker said the layoffs are expected to reduce costs by about $500 million over three years, with resources to be redirected to support the next phase of growth and improve profit margins.

In the fourth quarter of 2025, Lucid’s losses widened despite more than doubling revenue, as it delivered 5,345 units, up 72% year-on-year (YoY).

Production reached 7,874 vehicles in Q4 2025, bringing total annual output to about 17,840 vehicles in 2025.

The company expects to produce between 25,000 and 27,000 vehicles this year.

Interim CEO Marc Winterhoff said Lucid will focus on achieving profitability in 2026.

Lucid’s Q4 2025 Results