Lucid Motors Layoffs: 400 jobs being cut ahead of SUV launch

What’s happening at Lucid Motors?

Lucid Motors is restructuring ahead of the launch of its first electric SUV — affecting approximately six per cent of its workforce, or 400 jobs.

CEO Peter Rawlinson told staff in an email that the layoffs will impact employees at all levels, excluding hourly manufacturing and logistics roles.

“As always, we must remain vigilant about costs. We are optimizing our resources in a way we believe will best position the company for future success and growth opportunities as we focus on achieving our ambitious goals.”

The automaker said in a recent regulatory filing that it expects the restructuring plan to be “substantially complete” by the end of Q3 2024.

SEE ALSO
• Tesla kicks off May with fresh round of layoffs
• Rivian cuts 1% of workforce as EV demand cools
• Honda to build 4 EV plants in Ontario, creating at least 1,000 jobs

Impact on Canadian staff

It remains unclear if any Canadian employees are affected by the latest reduction at Lucid Motors.

According to the company’s LinkedIn page, it has approximately 60 workers in the country.

Termination agreements for employees at Lucid Motors

In Canada, non-unionized employees at Lucid Motors are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Before accepting a severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance during mass layoffs
• Severance entitlements in a recession

Major layoffs continue

The restructuring at Lucid Motors comes amid a flurry of layoffs in 2024.

Big names, including Laurentian Bank, Under Armour, Walmart, Indeed, Phoenix Labs, Xbox, Kenvue, Hudson’s Bay, Google, SAP Canada, IBM Canada, and Best Buy, have pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Bayer slashing 1,500 jobs in major 2024 restructuring
• Whirlpool Layoffs: 1,000 positions axed amid slow home sales
• Where are layoffs happening in Canada?

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.