Rivian's Workforce Reduction
Hundreds of workers are losing their jobs due to slipping sales targets and consolidating control amid economic and policy pressure.
A slowing EV market has led Rivian to cut over 600 jobs, about 4.5% of its staff, despite expansion plans and new models in development.
The layoffs follow a lowered delivery forecast, with Rivian expecting to sell fewer vehicles in 2023 and 2024.
- Most reductions are in commercial teams, specifically in servicing and sales divisions.
Rivian Axes Staff As Trump’s Policies Rip A Hole In Its Revenue Plans
Rivian is downsizing its service workforce amidst economic challenges.
Author's summary: Rivian cuts 600 jobs due to economic pressure.
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