"Lucid Group will slash hundreds of Bay Area jobs, a downsizing ushered in by billions of dollars in red ink that has stained the electric vehicle maker's balance sheet. Slated to occur on April 21, the company will eliminate 319 positions at its headquarters in Newark."
"During the 12 months that ended in September 2025, Lucid Group lost $3.14 billion on revenue of $1.07 billion, according to the Finance Charts website. April's cuts come after a decision by Lucid to eliminate 12% of its workforce worldwide."
"Changing business needs require us to reduce our workforce at the Newark facilities permanently, Russell Jones, a Lucid associate general counsel, stated in a WARN letter."
Lucid Group, an electric vehicle manufacturer, is cutting 319 jobs at its Newark headquarters on April 21 as part of broader workforce reductions. This layoff follows the company's decision to eliminate 12% of its global workforce. During the 12 months ending September 2025, Lucid lost $3.14 billion against revenue of $1.07 billion. The company cited changing business needs requiring permanent workforce reduction at Newark facilities. This represents the latest in a series of layoffs, following 258 job eliminations in 2024 and 123 in 2023 at the same location. Affected workers have no bumping rights and are not represented by labor unions.
#lucid-group-layoffs #electric-vehicle-industry #workforce-reduction #financial-losses #bay-area-employment
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