Current Issue


Trends Technology

Rivian Plans Layoffs

Order Reprints

July 13, 2022—EV maker Rivian is planning to cut hundreds of jobs. 

According to Bloomberg, these layoffs are still in the planning stages. However, these layoffs could impact around 5 percent of the company's overall workforce. 

The areas impacted by these cuts would apparently not include manufacturing roles and instead would focus on teams that have duplicate functions, according to Bloomberg. It is anticipated that these layoffs will be announced in the coming weeks. 

Rivian currently has over 14,000 employees. Shares for the company have dropped about 69 percent this year through last Friday's close. 

Related Articles

Carvana Stocks Plummet, Layoffs Follow

Velodyne LiDAR Sued for COVID-19 Layoffs

Local Residents Mount Last-Ditch Opposition to Rivian Plant

You must login or register in order to post a comment.