Rivian, the electric automotive company is planning to lay off around 6% of its overall workforce in the coming days – as reported by Bloomberg.
The company currently has a headcount of 14,000+ employees, so a rough 6% cut would be letting go of 840+ employees. The company says it is cutting down on nonmanufacturing jobs that grew faster than expected and now have surplus talent.
Rivian has operations in California, Michigan & Illinois.
Rivian is a brand new electric vehicle manufacturer headquartered outside Detroit that is poised to revolutionize the automotive world with all-electric trucks (R1T) and all-electric SUVs (R1S) launched earlier last year. The Rivian truck debuted first with deliveries in 2021, followed by the Rivian SUV. Both vehicles support rugged terrain and semi-automatic driving competing with Ford Truck and GMC Hummer – the space in which Tesla is yet to compete.