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Lucid lays off 18% of US workforce, eliminates top executive role amid sliding sales

Posted on June 23, 2026
By Financial Express
1 Views
1 min read

Lucid lays off 18% of US workforce, eliminates top executive role amid sliding sales

Lucid Group announces major operational changes including 18% workforce layoffs and elimination of the COO role amid financial losses and a challenging US EV market impacted by federal incentive cuts.