Lucid cuts twelve percent of US workforce to boost profitability
Lucid announced layoffs for twelve percent of its U.S. workforce today to improve gross margins. The cuts exclude hourly production staff at its Arizona plant.
Insights:
Lucid Group, Inc. announced today, February 20, 2026, that it is laying off 12% of its workforce in the US 
US. The company stated that this reduction is a cost-cutting move intended to improve its gross margin and support long-term growth. This workforce adjustment is being implemented at the company level as part of a broader effort to optimize its financial structure.
US. The company stated that this reduction is a cost-cutting move intended to improve its gross margin and support long-term growth. This workforce adjustment is being implemented at the company level as part of a broader effort to optimize its financial structure.
