Manufacturing workers won’t be affected.
have lowered prices on their flagships vehicles. Other automakers have said they are not ready to slash prices on their own EVs, but analysts predict that more companies will follow. Rivian currently sells three models: the R1T truck and the R1S SUV, as well as the EDV, which stands for electric delivery van.
In a memo to employees, Rivian CEO RJ Scaringe said the layoffs are part of a broader cost-cutting effort meant to help put the company on a path to profitability. “In 2022, we took steps to focus our product portfolio and drive a lower cost structure,” Scaringe said in the memo, which was forwarded toby a spokesperson.
This isn’t the first time Rivian has laid off employees, nor is it the first time that it specifically laid off the same percentage of workers.in an attempt to refocus its business.
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