Lucid (US:LCID) Xin Lang Cai Jing·2026-02-20 20:53Core Viewpoint - Lucid Motors is implementing a 12% reduction in its U.S. workforce as part of efforts to enhance profitability, marking the third round of layoffs since March 2023 [1][2]. Group 1: Workforce Reduction - The company currently employs 6,800 people globally and aims to optimize resource allocation and improve operational efficiency through this decision [1][2]. - The layoffs are described as a difficult but necessary step towards achieving profitability [1][2]. Group 2: Leadership and Management - Lucid has been without a permanent CEO since February 2025, with Mark Vinterhoff serving as the interim CEO [1][2]. Group 3: Financial Strategy - In recent months, Lucid has focused on increasing its cash reserves, announcing plans to raise $875 million through a private placement of convertible preferred notes due in 2031 [1][2].