EV maker Rivian to cut 6% of jobs: internal memo — via drivingdotca IndustryNews Layoffs
Employees work on an assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S.
April 11, 2022Rivian is laying off six per cent 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. The company is focusing resources on ramping up vehicle production and reaching profitability, Chief Executive R.J. Scaringe said in an email to employees on Wednesday announcing the job cuts. Reuters obtained a copy of the email.
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