Rivian Cuts Jobs For the Third Time in 12 Months

What’s happening at Rivian?

Rivian has initiated another round of layoffs, marking the third occurrence of job cuts within the past year. This latest reduction began on Wednesday, as confirmed by online publication EV.

Employees from the Irvine-based electric vehicle manufacturer have started updating their LinkedIn profiles to signal their availability for new job opportunities, citing the recent layoffs as the reason.

Official statements and context

• Rivian stated in an email to Reuters: “This was a difficult decision, but one to support our goal to be gross margin positive by the end of the year.”
• This follows a 1% cut in its workforce back in April, and a previous announcement in February when Rivian revealed a 10 percent workforce reduction, adding to earlier layoffs of 6 percent in July 2022 and May 2023.
• The scale of the latest reduction is still unknown.
• The last round of layoffs in May 2023 affected over a thousand employees at Rivian’s Irvine headquarters. By the end of 2023, the company employed approximately 16,700 salaried and hourly workers.

Impact on Canadian staff

It remains unclear if Canadian employees have been let go by Rivian in this latest round of layoffs.

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