# Lucid Motors Cuts 1500 Jobs

Page: https://stenobird.com/podcast/tech-news-today-2-min-news-the-daily-news-now-7438584/lucid-motors-cuts-1500-jobs
Text version: https://stenobird.com/podcast/tech-news-today-2-min-news-the-daily-news-now-7438584/lucid-motors-cuts-1500-jobs.md
Podcast: [Tech News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/tech-news-today-2-min-news-the-daily-news-now-7438584)
Published: 2026-06-22T14:05:24+00:00
Episode link: https://api.fastcast.ai/audio/6ee384da-8fc5-44c1-adb0-422c7fb84561.mp3
Audio file: https://api.fastcast.ai/audio/6ee384da-8fc5-44c1-adb0-422c7fb84561.mp3
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JSON: https://stenobird.com/v1/public/podcasts/tech-news-today-2-min-news-the-daily-news-now-7438584/episodes/lucid-motors-cuts-1500-jobs
Duration seconds: 83

## Resource

Lucid Motors is slashing 1500 jobs—18% of its workforce—and shutting down its Arizona factory’s second shift, signaling major restructuring under new CEO Silvio Napoli. These cuts, following a 12% layoff just four months ago, aim to boost competitiveness amid a slowing EV market and include eliminating the COO role, with former interim CEO Marc Winterhoff exiting. Despite the turmoil, Lucid pushes ahead with its affordable Cosmos SUV and a luxury robotaxi launch in San Francisco, expecting $158M in annual savings and wrapping up restructuring by Q3, while paying $32M in severance. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/c70306c5f58833d6

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