Rivian's Downsizing Amidst Expansion Plans
Hundreds of workers are losing their jobs due to slipping sales targets and consolidating control amidst economic and policy pressure.
A slowing EV market has led Rivian to cut over 600 jobs, about 4.5% of its staff, despite expansion plans and new models in development.
The layoffs were announced after the company lowered its delivery forecast, expecting to sell fewer vehicles than in 2023 and 2024.
- Most reductions are in commercial teams, specifically in servicing and sales divisions.
Rivian Axes Staff As Trump’s Policies Rip A Hole In Its Revenue Plans
Author's summary: Rivian cuts 600 jobs amidst slowing EV market.
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