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In a recent interview with Yahoo! Finance, Rivian Chief Software Engineer Wassym Bensaid revealed that the EV startup will be ...
Rivian said it would layoff 6 percent of its employees, or around 840 workers. Its manufacturing workers at its EV factory will not be affected. Manufacturing workers won’t be affected.
Rivian said Wednesday that the layoffs would impact about 6% of the company's 14,000-person workforce. Bloomberg News initially reported earlier this month that the startup was planning hundreds ...
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.
Rivian Automotive Inc.'s shares surged in morning trading on Thursday following news that the electric truck maker will lay off 6% of its workforce, or more than 800 employees.. The Irvine ...
Rivian posted losses of roughly $5 billion through the first nine months of 2022, but it had an order book of more than 114,000 as of Nov. 7, the company has said. At the end of September, it also ...
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.
Rivian Automotive Inc., at one time considered the darling of the electric vehicle market, has informed state officials that it plans more layoffs in California. In an April 24 letter to the state ...
Rivian has not issued layoffs. Although it’s clear from the email that Rivian’s management team has been working to assess whether to reduce the workforce.
The latest Rivian layoffs could end up helping usher in a new era for this company. Some experts are likely still skeptical, given how much RIVN stock has fallen over the past few months.