Lucid Motors Cuts 400 Jobs 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.
If you’re a non-unionized employee, check out our Lucid Motors Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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