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Rivian's 2024 Layoffs Hit Second Gear as Truck Maker Sheds More Workers from www.inc.com
On Thursday, the electric vehicle (EV) maker said it. It remains unclear exactly how many Canadian employees at Rivian will be affected by the layoffs
Rivian's 2024 Layoffs Hit Second Gear as Truck Maker Sheds More Workers The company's production and profit loss guidance combined with the layoffs pushed Rivian shares down more than 15.6% in after-hours trading. Rivian announced Wednesday that it will lay off 10% of its salaried workers beginning Thursday morning, amid a quarterly loss and an increasingly competitive EV market Rivian reported $1.7 billion in revenue for the fourth quarter, a 32% increase from the same period in 2023
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