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Rivian lays off 92 employees in cost-cutting effort
Truck Industry Tech
May 10, 2024
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Truck Industry Tech

Truck Industry Tech

May 10, 2024

Rivian lays off 92 employees in cost-cutting effort

Management news

  • Rivian, a developer of battery EVs, is laying off 92 employees across several facilities in Orange County as a part of a cost-cutting effort.

  • The layoffs were driven by a need to adjust to declining sales and keep the company cost-effective. The company aims to align its prioritized operations and become gross margin-positive by the end of the year. Most of the positions being terminated are in support.

  • This layoff follows the layoff of 191 salaried employees in the county two months ago.

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