Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said this week it is laying off more workers as it cuts costs to buttress its balance sheet.
As EV sales sputter, the faltering company cuts 1 percent of its workforce in a second round of firings this year.
Jeff Bezos-backed EV-maker Rivian has cut more of its workforce following 10 percent of its employees laid off earlier this ...
Rivian laid off about 1% of its employees. This occurred just two months after the corporation had let off ten percent of its workforce due to a decline in the market for its cars and other electronic ...
After the global staff was cut in layoffs on Monday, Musk says the company is fixing severance offers for some former ...
Latest wave of redundancies is the the EV-maker’s response to sluggish demand for electric cars in North America ...
Rivian is planning to reduce employment by a further 1% by the end of the year in an effort to increase profitability.
This development follows similar actions by other players in the EV industry. Rivian, in a recent announcement ... This ...
Rivian Automotive inc. laid-off about 1% of its workforce April 17. The layoffs come after the company laid off 10% of its ...
One recent homebuyer's brief experience working with a real-estate agent left him feeling way better off doing it himself.
Also, Rivian cuts more of its workforce as the EV market remains shaky, and car sales in the EU record their biggest sales ...
Rivian Automotive Inc. will cut an another 1 percent of its workforce, the second round of layoffs this year as the electric ...