TransportationUS

Rivian Layoffs

May 2024

Rivian announced a layoff affecting 120 employees in May 2024. The company operates in the Transportation sector.

People Affected

120

Announced Date

May 10, 2024

About

Rivian, an American electric vehicle manufacturer, announced a workforce reduction in February 2024, affecting approximately 10% of its salaried employees. This move, part of a broader cost-cutting strategy, aims to improve operational efficiency amid a challenging market for EVs. The layoffs follow a previous reduction in 2023 and reflect the company's efforts to streamline operations and achieve profitability. Rivian operates in the automotive industry and is considered a major player in the electric vehicle sector.