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Lucid cuts 18% of U.S. workforce and eliminates COO role

Lucid cuts 18% of U.S. workforce and eliminates COO role

The electric-vehicle maker disclosed a broad cost-cutting move that includes removing its chief operating officer position.

Fact Check
The CNBC report, derived from Lucid's SEC 8-K filing, confirms both elements of the claim: an approximately 18% U.S. workforce reduction and the elimination of the COO role with COO Marc Winterhoff departing immediately. Business Insider and the SF Chronicle independently corroborate identical figures and the COO elimination, all referencing the same SEC filing. The details (12% February layoff, AMP-1 second shift elimination, $158M savings target) are consistent across sources.
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Summary

Lucid is cutting 18% of its U.S. workforce and eliminating the COO role in a restructuring aimed at reducing costs. The move signals another round of belt-tightening for the electric-vehicle maker as companies across the sector work to preserve cash and streamline operations.

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