"Lucid Motors announces layoffs affecting 12% of global workforce. Hourly workers spared. Interim CEO, Marc Winterhoff, assures comprehensive support for a
In a strategic move aimed at enhancing operational efficiency and optimizing resources amidst pursuit of profitability, Lucid Motors has announced layoffs affecting 12% of its global workforce. The exact number of employees to be affected remains undisclosed but is estimated to be in the hundreds. This decision follows an internal memo obtained by TechCrunch, which also specifies that hourly workers within manufacturing, logistics, and quality teams will remain unaffected.
The interim CEO, Marc Winterhoff, expressed his gratitude for the contributions of those affected by these layoffs while acknowledging the difficulty of parting ways with colleagues in the memo addressed to employees spared by the cuts. He assured that comprehensive severance packages, bonuses, continued health benefits, and transition support would be provided to ease the transition period for the affected individuals.
The company is currently in the process of ramping up production and deliveries of its Gravity SUV, having successfully doubled its 2024 output from initial challenges during the first few months. Lucid Motors also plans to launch a more affordable mid-size electric vehicle priced around $50,000 later this year, in collaboration with Uber and autonomous vehicle company Nuro for the introduction of a robotaxi service in the San Francisco area.
The company is due to release its 2025 financial results next week, offering further insight into its ongoing operations and strategies. Despite these layoffs, Winterhoff emphasized that the company's core priorities remain unchanged, with a continued focus on the start of production of their Midsize platform.
In a significant development, electric vehicle manufacturer Lucid Motors, known for its advancements in autonomous driving technology and the production of luxury vehicles such as the Lucid Gravity and Air, is currently navigating leadership changes following the departure of CEO and CTO Peter Rawlinson on February 25, 2025.
Since Rawlinson's resignation, the company has experienced a period of executive turnover, including the departure of its chief engineer who filed a lawsuit in December alleging wrongful termination and discrimination. Lucid Motors has disputed these claims, categorizing them as absurd.
Despite these leadership shifts, Lucid Motors continues to pursue its strategic objectives, including further expansion into the robotaxi market, ongoing advancements in ADAS and software development, and growth in sales of its products across existing and new geographies. The company has yet to announce a permanent successor to Rawlinson.
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In a strategic move aimed at enhancing operational efficiency and optimizing resources amidst pursuit of profitability, Lucid Motors has announced layoffs affecting 12% of its global workforce. The exact number of employees to be affected remains undisclosed but is estimated to be in the hundreds. This decision follows an internal memo obtained by TechCrunch, which also specifies that hourly workers within manufacturing, logistics, and quality teams will remain unaffected.
The interim CEO, Marc Winterhoff, expressed his gratitude for the contributions of those affected by these layoffs while acknowledging the difficulty of parting ways with colleagues in the memo addressed to employees spared by the cuts. He assured that comprehensive severance packages, bonuses, continued health benefits, and transition support would be provided to ease the transition period for the affected individuals.
The company is currently in the process of ramping up production and deliveries of its Gravity SUV, having successfully doubled its 2024 output from initial challenges during the first few months. Lucid Motors also plans to launch a more affordable mid-size electric vehicle priced around $50,000 later this year, in collaboration with Uber and autonomous vehicle company Nuro for the introduction of a robotaxi service in the San Francisco area.
The company is due to release its 2025 financial results next week, offering further insight into its ongoing operations and strategies. Despite these layoffs, Winterhoff emphasized that the company's core priorities remain unchanged, with a continued focus on the start of production of their Midsize platform.
In a significant development, electric vehicle manufacturer Lucid Motors, known for its advancements in autonomous driving technology and the production of luxury vehicles such as the Lucid Gravity and Air, is currently navigating leadership changes following the departure of CEO and CTO Peter Rawlinson on February 25, 2025.
Since Rawlinson's resignation, the company has experienced a period of executive turnover, including the departure of its chief engineer who filed a lawsuit in December alleging wrongful termination and discrimination. Lucid Motors has disputed these claims, categorizing them as absurd.
Despite these leadership shifts, Lucid Motors continues to pursue its strategic objectives, including further expansion into the robotaxi market, ongoing advancements in ADAS and software development, and growth in sales of its products across existing and new geographies. The company has yet to announce a permanent successor to Rawlinson.
Source: Read Original Article