Rivian Layoffs 6% Of Its 14,000 Employee

Among the looming layoffs across the American businesses, Rivian has confirmed in an email on Wednesday that it is slashing 6% of its 14,000 workers.

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The reason, broadly, is two-fold: Rapidly changing economy and inflationary pressure

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The move is part of a cost-cutting effort to ensure Rivian can continue to grow its manufacturing operations without raising additional funds”. And the layoffs wouldn’t apply to the manufacturing operations in Normal, Ill., where Rivian has its sole factory

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The news rolled out at a time when the company started the production of its pickups, SUVs, and delivery vans for Amazon. Rivian isn’t the only company laying off its workforce.

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Several tech companies (including non-tech) have slashed a good number of jobs and placements. Ford, for example, might lay off 8,000 workers and Tesla has announced to cut 10% of its employees

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