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

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

Amy Mast, a spokesperson for the company wrote,

Today we announced the difficult decision to reduce the size of the Rivian team by approximately 6%. This decision will help align our workforce to our key business priorities, including ramping up the consumer and commercial vehicle programs, accelerating the development of R2 and other future models, deploying our go-to-market programs and optimizing spend across the business

Chief Executive RJ Scaringe writes,

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

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. 

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 

Rivian was one of the first companies Amazon invested in through the Climate Pledge Fund, and we’re just getting started on our journey to have 100,000 of Rivian’s vehicles on the road by 2030 

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