>*Over a dozen workers began posting on LinkedIn about cuts at the company on Wednesday afternoon. A spokesperson later confirmed the layoffs.*
> *”We continue to work to right-size the business and ensure alignment to our priorities,” they told Business Insider. “As a follow-up to some of the changes we made to teams in February, today we shared some additional changes to groups supporting the business. Around 1 percent of our workforce was affected by this change. This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year.”*
>Electric vehicle maker Rivian (RIVN.O) said on Wednesday it cut about 1% of its workforce – the second round of job cuts this year – as it reduces cost amid a broader slowdown in EV demand.
Hexopi
Dang so Tesla wasn’t the only company wonder what other companies doing this
this_for_loona
They better get the r2 out on Jan 2’26.
redditissocoolyoyo
Rivian won’t survive…it’s just how it is … Going to be rough for the owners…
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>*Over a dozen workers began posting on LinkedIn about cuts at the company on Wednesday afternoon. A spokesperson later confirmed the layoffs.*
> *”We continue to work to right-size the business and ensure alignment to our priorities,” they told Business Insider. “As a follow-up to some of the changes we made to teams in February, today we shared some additional changes to groups supporting the business. Around 1 percent of our workforce was affected by this change. This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year.”*
A source with more context: https://www.reuters.com/business/autos-transportation/rivian-cuts-1-workforce-second-job-cut-this-year-2024-04-17/
>Electric vehicle maker Rivian (RIVN.O) said on Wednesday it cut about 1% of its workforce – the second round of job cuts this year – as it reduces cost amid a broader slowdown in EV demand.
Dang so Tesla wasn’t the only company wonder what other companies doing this
They better get the r2 out on Jan 2’26.
Rivian won’t survive…it’s just how it is … Going to be rough for the owners…
Obviously the next Tesla