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Lucid Layoffs: EV Maker Trims 18% Of US Workforce; COO Marc Winterhoff Departs

In an effort to increase profitability in the face of intensifying competition, EV manufacturer Lucid Group said on Monday that it will lay off roughly 18% of its US personnel and that COO Marc Winterhoff has departed the firm. This was the company's second significant managerial move in recent months. The company's shares were down almost 4%, as reported by Reuters . The layoffs reflected the growing pressure on EV manufacturers like Lucid to control expenses as buyers move towards more affordable models and as profitability is impacted by growing competition from both established automakers and recent arrivals. ALSO READ | India's Fragmented Water Governance Raises Fiscal Risks, Warns Moody's The company, which employed over 9,000 people worldwide as of Dec. 31, 2025, stated that hourly factory workers, contractors, and full-time staff will all be impacted by the reduction. Additionally, it eliminated the second shift at its main EV production plant, the AMP-1...
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"No Deadline, Focus On Ending Ukraine War": Trump During Zelensky Meet

US Donald Trump welcomed Ukraine's Volodymyr Zelensky to his Florida estate Sunday for critical talks on ending the war with Russia. The two leaders stood outside the Mar-a-Lago resort and addressed reporters as they prepared to discuss a new proposal to end the conflict. Trump said that there's no Ukraine deadline, the focus is on ending the war.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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