Rivian has said one of its strengths is its cash position. That begs the question of why it has to cut costs. In the most ...

perhaps with players that grabbed less investor attention than Rivian. Arrival, a UK-based commercial EV startup, has gone through multiple restructurings resulting in layoffs. The company ...

First reported by Reuters on Wednesday, Rivian is laying off 6% of its workforce, which is approximately 840 jobs. It’s the California-based EV startup’s second round of layoffs since July.

Rivian Automotive Inc. RIVN, +1.60% plans to initiate another round of layoffs, the latest in the electric-vehicle startup’s efforts to preserve cash as it confronts challenges scaling its business.

based EV maker burned through $6.6 billion in 2022 ... Shares tumbled about 15% the following day. To conserve cash, Rivian ...

Reuters obtained a copy of the email. Layoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co. The price cuts by Tesla and Ford are ...