--- title: "Lucid Motors cuts 18% of workforce as new CEO dismantles second production shift" url: https://daily.dev/posts/lucid-motors-cuts-18-of-workforce-as-new-ceo-dismantles-second-production-shift-d2ez7h4mu source_url: https://thenextweb.com/news/lucid-motors-layoffs-18-percent-napoli-cosmos-suv type: article source: "The Next Web" published: 2026-06-22T16:04:13.607Z updated: 2026-06-22T16:06:58.276Z reading_time: 5 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Lucid Motors cuts 18% of workforce as new CEO dismantles second production shift **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 0 upvotes · 0 comments ## Summary Lucid Motors is cutting 18% of its workforce (roughly 1,500 employees) just four months after a prior 12% reduction. New CEO Silvio Napoli, who joined in April with no automotive background, is eliminating the second production shift at the Casa Grande, Arizona factory and scrapping the COO role entirely. The restructuring is expected to generate $158M in annualized savings. The cuts come as Lucid prepares to launch the Cosmos SUV, a sub-$50K mass-market vehicle aimed at driving profitability. Saudi Arabia's Public Investment Fund, which owns nearly 57% of Lucid, continues to inject capital under increasingly expensive terms. The company delivered only 10,241 vehicles in 2025 against a factory designed for 90,000/year. Lucid is simultaneously pursuing an autonomous robotaxi partnership with Uber and Nuro, though the fate of various programs under the restructuring remains unclear. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Lucid Motors’ CFO is out as its new CEO continues leadership shakeup](https://daily.dev/posts/lucid-motors-cfo-is-out-as-its-new-ceo-continues-leadership-shakeup-mj8jdco7u) · TechCrunch · 0 upvotes · 0 comments - [Lucid Motors slashes 12% of its workforce as it seeks profitability](https://daily.dev/posts/lucid-motors-slashes-12-of-its-workforce-as-it-seeks-profitability-re37bsl0y) · TechCrunch · 0 upvotes · 0 comments - [Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis](https://daily.dev/posts/lucid-s-turnaround-plan-hinges-on-1-4b-in-cash-savings-robotaxis-x0dggr6fz) · TechCrunch · 0 upvotes · 0 comments - [Lucid Motors' chief engineer leaves after 10 years](https://daily.dev/posts/lucid-motors-chief-engineer-leaves-after-10-years-58yjhxdx4) · TechCrunch · 0 upvotes · 0 comments - [This is Uber's new robotaxi from Lucid and Nuro](https://daily.dev/posts/this-is-uber-s-new-robotaxi-from-lucid-and-nuro-hkda8lvi6) · TechCrunch · 0 upvotes · 0 comments --- [View this post on daily.dev](https://daily.dev/posts/lucid-motors-cuts-18-of-workforce-as-new-ceo-dismantles-second-production-shift-d2ez7h4mu)