Rivian is reportedly chopping one other 600 employees in its third layoff of the yr, or about 4% of its whole workforce, in response to The Wall Avenue Journal.
The corporate beforehand made cuts of round 100 to 150 employees in September and June to its industrial and manufacturing groups, respectively. Rivian declined to touch upon what groups are affected by this new spherical of layoffs.
The cuts come as Rivian is prepping to launch its all-important mass-market mannequin, the R2 SUV, in 2026. The corporate plans to make as many as 150,000 of these EVs per yr at its manufacturing unit in Regular, Illinois. Rivian additionally not too long ago broke floor on a model new manufacturing unit exterior of Atlanta, the place it plans to construct extra R2s and different variants.
Till R2 hits the highway, although, Rivian is struggling to maintain up the tempo of gross sales with its present lineup. Its present best-case guess for whole supply figures on the finish of 2025 would signify a 16% drop from final yr’s gross sales.
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