---
title: "Electric vehicle manufacturer Lucid plans to cut up to 12% of its workforce in the United States"
description: "Electric vehicle manufacturer Lucid announced on Friday that it will cut up to 12% of its U.S. workforce to improve profitability due to weak demand for high-priced electric vehicles. A company spokes"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276470659.md"
published_at: "2026-02-20T16:58:58.000Z"
---

# Electric vehicle manufacturer Lucid plans to cut up to 12% of its workforce in the United States

> Electric vehicle manufacturer Lucid announced on Friday that it will cut up to 12% of its U.S. workforce to improve profitability due to weak demand for high-priced electric vehicles. A company spokesperson added that this round of layoffs will not affect hourly production employees at the company's manufacturing facility in Arizona

Electric vehicle manufacturer Lucid (LCID.US) announced on Friday that due to weak demand for high-priced electric vehicles, it will cut up to 12% of its workforce in the United States to improve profitability.

A company spokesperson added that this round of layoffs will not affect hourly production employees at the company's manufacturing facility in Arizona

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.