Rivian Layoffs 2024: What to Know About the Latest RIVN Job Cuts
Rivian AutomotiveRivian Automotive(US:RIVN) InvestorPlace·2024-02-22 22:26

Rivian (NASDAQ:RIVN) layoffs are coming to the electric vehicle (EV) company’s salaried staff as it looks to reduce jobs amid economic uncertainty.During Rivian’s earnings report for the fourth quarter of 2023, the company noted it will reduce its salaried staff by 10%. The company attributes this to “geopolitical uncertainties and pressures” with high interest rates being the main factor behind its decision.The Rivian layoffs also come after the company provided EV production targets for 2024. It’s expecti ...

Rivian Automotive-Rivian Layoffs 2024: What to Know About the Latest RIVN Job Cuts - Reportify