As EV sales sputter, the faltering company cuts 1 percent of its workforce in a second round of firings this year.
A company spokesperson said the layoffs will not affect hourly manufacturing workers at the Normal facility, which employs ...
Rivian is planning to reduce employment by a further 1% by the end of the year in an effort to increase profitability.
Rivian Automotive inc. laid-off about 1% of its workforce April 17. The layoffs come after the company laid off 10% of its ...
Tesla is reportedly gutting its EV charging team, laying off around 500 employees.The news sent shockwaves through the ...
Rivian Automotive, Inc. announced a new round of layoffs, and an additional one percent of its workforce is set to be ...
EV-maker Rivian is planning a second round of layoffs for the year amid a drop in demand for electric vehicles. The Jeff ...
Rivian has cash reserves of $9.4 billion at the end of 2023 while it produced 57,000 cars in 2023. Read why I'm bullish on ...
The layoffs at Rivian are expected to continue for some time to come. It was reported on Wednesday afternoon that over a ...
Stock Market News, Stock Advice & Trading Tips Tesla‘s (NASDAQ:TSLA) announcement of cutting 10% of its global ...