Lucid Motors slashes 12% of its workforce as it seeks profitability | TechCrunch
TechCrunch
by Sean O'KaneFebruary 20, 2026
AI-Generated Deep Dive Summary
Lucid Motors has announced the layoff of 12% of its workforce, affecting hundreds of employees in the U.S., as part of efforts to enhance operational efficiency and move toward profitability. The company's interim CEO, Marc Winterhoff, shared that these layoffs are aimed at optimizing resources while emphasizing gratitude for the contributions of those impacted. Severance packages, bonuses, health benefits, and
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Originally published on TechCrunch on 2/20/2026