Lucid Group (LCID) Cuts 18% of US Workforce, COO Winterhoff Departs

Lucid Group (LCID) announced June 22, 2026, it will reduce its U.S. workforce by 18% and that Chief Operating Officer Marc Winterhoff is departing. This move signals a significant restructuring effort for the electric vehicle manufacturer amid competitive market conditions. The workforce reduction primarily impacts non-manufacturing roles across its U.S. operations. This decision aims to streamline operations and reduce operating expenses as the company navigates a challenging landscape for electric vehicle startups. Winterhoff's exit, effective immediately, comes as Lucid Group seeks to enhance efficiency and focus on achieving production targets for its Lucid Air luxury sedan.