Lucid Slashes 18% of Workforce as EV Maker Extends Cost-Cut Plan - Bloomberg

Lucid Slashes 18% of Workforce as EV Maker Extends Cost-Cut Plan  Bloomberg

Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves

Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.

Before Lucid axed his role and downsized, the COO told us about the company's robotaxi bet

Lucid ex-COO Marc Winterhoff said the company's partnership with Uber and Nuro was meant to deliver robotaxis fast and with capital discipline. Patrick T. Fallon/AFP via Getty Images Lucid downsized its workforce by 18% on Monday and eliminated the COO role. The company said the cuts were meant to pave the way toward profitability and positive cash flow. COO Marc Winterhoff previously said that being capital-efficient is key to its robotaxi bet. Lucid Motors made a round of cuts that show h...

Lucid slashes US workforce amid cost-cutting push

Lucid layoffs: EV maker cuts 18% workforce, eliminates COO Marc Winterhoff's role

Lucid layoffs: EV maker cuts 18% of its U.S. workforce, removes the COO role, and targets $158 million in annual savings amid restructuring.

EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits

Lucid announces major workforce reduction, including the COO position