Rivian Layoffs

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Not everything appears to be rosy at Rivian. The volume of staff they have this early in the game to me was alarming so this isn't a surprise

Rivian Plans Hundreds of Job Cuts Following Surge in Staffing

Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, according to people familiar with the matter.

www.bloomberg.com

 

[HC_79]

More layoffs at Rivian

Exclusive: EV maker Rivian to cut 6% of jobs amid price war -internal memo

Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry-wide price war.

www.reuters.com