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Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’

TechCrunch • Mon, 22 Jun 2026

Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’

The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand."

What happened?

The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand."

Story details

The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand."

Why it matters

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Original source

https://techcrunch.com/2026/06/22/lucid-motors-new-ceo-cuts-18-of-staff-to-simplify-the-company/