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2,640 results
Business Insider21d
How Rivian went from Wall Street darling to another struggling EV startup
perhaps with players that grabbed less investor attention than Rivian. Arrival, a UK-based commercial EV startup, has gone through multiple restructurings resulting in layoffs. The company ...
Atlanta Journal-Constitution1mon
Rivian announces 2nd round of layoffs within 7 months
First reported by Reuters on Wednesday, Rivian is laying off 6% of its workforce, which is approximately 840 jobs. It’s the California-based EV startup’s second round of layoffs since July.
Yahoo1mon
Rivian (RIVN) Plans Another Round of Layoffs to Rein in Costs
This latest round of layoffs will be aimed at cutting operational ... Just like many other EV startups, Rivian is grappling with production ramp-up and declining cash reserves.
MarketWatch1mon
Rivian to lay off 6% of workforce in EV maker’s second round of job cuts
Rivian Automotive Inc. RIVN, +1.60% plans to initiate another round of layoffs, the latest in the electric-vehicle startup’s efforts to preserve cash as it confronts challenges scaling its business.
Yahoo! Sports1mon
EV maker Rivian to cut 6% of jobs amid price war -internal memo
Reuters obtained a copy of the email. Layoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co. The price cuts by Tesla and Ford are ...
Automotive News21d
Rivian faces cash burn, demand concerns with Q4 earnings
Its fellow EV startups Tesla Inc. and Lucid Group ... delivery vans for commercial use. In announcing layoffs earlier this month, Rivian CEO RJ Scaringe said the automaker is getting back on ...

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