EVsAutomotive Newsabout 3 hours ago
Rivian cuts workforce 2% in push for profitability
2 min read
Rivian lays off 308 employees from its 15,232-person workforce to improve profitability. The move follows R2 SUV production start in April and ongoing R&D spending increases. The company no longer expects to hit its 2027 adjusted EBITDA target.
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