The Buss family is selling the Los Angeles Lakers after nearly 50 years of ownership in a record-breaking $10 billion deal to ...

Layoffs at EV startup Rivian began this week. The company is cutting costs amid its production ramp-up and concerns about the economy. Former employees are posting on LinkedIn about the cuts ...

The EV company is going through another round of layoffs, less than a year after cutting 6 percent of its workforce. The layoffs come amid a broader round of belt-tightening in the tech sector.

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 (TSLA) and Ford Motor Co. The price cuts by Tesla and ...

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.

The company's shares were rising around 8% in early Thursday trading in the wake of the layoff news. Rivian Automotive Inc.'s shares surged in morning trading on Thursday following news that the ...

Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, according to people familiar with the matter.

Rivian has not issued layoffs. Although it’s clear from the email that Rivian’s management team has been working to assess whether to reduce the workforce. Scaringe said in the email that the ...

Molly Bohannon has been a Forbes news reporter since 2023. Shares of electric vehicle manufacturer Rivian fell more than 15% in after-hours trading Wednesday after the company announced it would ...