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Rivian's 2024 Layoffs Hit Second Gear as Truck Maker Sheds More Workers
As EV sales sputter, the faltering company cuts 1 percent of its workforce in a second round of firings this year.
Rivian cuts 1% of workforce in second round of layoffs this year
SAN FRANCISCO (Reuters) -Electric vehicle maker Rivian said on Wednesday it cut about 1% of its workforce - the second round of job cut this year - as it reduces cost amid a broader slowdown in EV demand.
Rivian lays off more workers
Rivian said the latest round of cuts affect about 1% of its workforce.
Rivian cuts more jobs as it looks to trim expenses
Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said this week it is laying off more workers as it cuts costs to buttress its balance sheet.
Rivian announces more layoffs
Rivian announces more layoffs
Climate Crisis 247 on MSN
1d
Rivian Layoffs Grow
D eeply troubled EV company Rivian, which is almost certainly too small to survive the current downtrend in EV sales, has set ...
cbtnews
22h
Rivian announces second round of layoffs to boost profitability
Rivian is planning to reduce employment by a further 1% by the end of the year in an effort to increase profitability.
Electrek
1d
Rivian (RIVN) is cutting another 1% of jobs as the EV maker works toward profitability
Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. This is the second round of layoffs this ...
EconoTimes
1d
Rivian Expands Layoffs With Additional 1% of Jobs Amid Growing EV Market Woes
Rivian Automotive, Inc. announced a new round of layoffs, and an additional one percent of its workforce is set to be ...
Automotive News
1d
Rivian cuts more jobs with woes mounting for electric vehicle market
Rivian Automotive Inc. will cut an another 1 percent of its workforce, the second round of layoffs this year as the electric ...
20h
Rivian Lays Off More Workers As Stock Prices Tank
Latest wave of redundancies is the the EV-maker’s response to sluggish demand for electric cars in North America ...
Electrek
2h
NIO denies new layoff rumors amid recent wave of EV job cuts
Chinese EV maker NIO is denying rumors of a second round of layoffs circulating on social media. The speculation ...
Opinion
6h
Opinion
Tesla layoffs bring the entire electric-vehicle industry into question
The market and spiritual leader of EVs said it will lay off more than 10 per cent of its work force, more than 14,000 people, ...
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