
Rivian laid off hundreds of workers, less than 2% of its roughly 15,200-person workforce, on Tuesday, one week after starting R2 SUV deliveries. The cuts hit service, sales, and marketing teams as the company restructures to pursue profitability. It is at least the fourth round of layoffs since early 2024.
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Summary by ByteBrief
Xbox Plans Layoffs as Revenue, Profit Margins Decline