---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-044501"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2026-06-22T12:58:51+00:00"
generated_at: "2026-06-22T13:00:10.448383+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lucid Group cuts 18% of US workforce, eliminates COO role, expects $158M annual savings

## Summary
- Workforce reduction of approximately 18% of US employees, including full-time, contractors, and hourly production workers.
- Second production shift at AMP-1 factory eliminated; annualized cost savings of ~$158 million expected.
- Cash charges of ~$32 million for severance and benefits; plan substantially complete by end of Q3 2026.
- COO Marc Winterhoff departs immediately as position eliminated; eligible for severance benefits.

## SEC filing metadata
- accession: 0001628280-26-044501
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2026-06-22T12:58:51+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000162828026044501/0001628280-26-044501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000162828026044501/lcid-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-044501
- JSON: https://secwatch.observer/filing/0001628280-26-044501.json
- Plain text: https://secwatch.observer/filing/0001628280-26-044501.txt

## Key facts
- Executive change
  Marc Winterhoff departed as Chief Operating Officer at Lucid Group, Inc..
  - Action: departed
  - Role: Chief Operating Officer
  source text: On June 22, 2026, the Company announced that Marc Winterhoff, Chief Operating Officer, has departed the Company, effective immediately following the elimination of the Chief Operating Officer position.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828026044501/0001628280-26-044501-index.htm
- Restructurings & Charges
  Lucid Group, Inc. announced a restructuring with charges of cash charges of approximately $32 million related to severance, employee benefits, and employee transition affecting U.S. workforce (reduction of the Company’s current U.S. workforce by approximately 18 percent).
  - Type: restructuring
  - Charge: cash charges of approximately $32 million related to severance, employee benefits, and employee transition
  - Affected area: U.S. workforce
  - Headcount: reduction of the Company’s current U.S. workforce by approximately 18 percent
  source text: On June 22, 2026, Lucid Group, Inc. (the “ Company ”) announced a plan (the “ Plan ”) designed to advance the Company’s path toward profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, and aligning production plans with anticipated demand. This involves a reduction of the Company’s current U.S. workforce by approximately 18 percent, including full-time employees, contractors and hourly production workers in manufacturing. As part of this reduction, the Company has eliminated the second shift of production at its AMP-1 factory. The Plan is expected to provide the Company with annualized cost savings of approximately $158 million. The Company estimates that it will incur cash charges of approximately $32 million related to severance, employee benefits, and employee transition. The Company expects to substantially complete the Plan by the end of the third quarter of 2026, subject to local law and consultation requirem
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828026044501/0001628280-26-044501-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.