Tesla's Cutting 229 More Jobs As Rivian Plans Meeting On Friday To Address Layoffs | Carscoops carscoops
and it seems that not only is that coming true but Tesla itself is aiming to save cash as well. Here’s a rundown of what we know about the layoffs.
Rivian will address the upcoming layoffs in a meeting with its team on Friday, as the company’s CEO RJ Scaringe revealed in a letter that was shared with Carscoops. Scaringe says that the brand is working to “assess the size and structure of our teams” and will be “as thoughtful as possible as we consider any reductions” in light of recent economic conditions. In addition, he confirmed that the EV company is “financially well positioned” but that at the same time it is “prioritizing certain programs stopping some.
Nevertheless, both moves should put the companies in a better position to navigate the tumultuous economic seas ahead. Scaringe specifically called out that fact in his email saying “Rivian is not immune to the current economic circumstances and we need to make sure we can grow sustainably.” Now we wait to see if further cuts are made or if other companies follow suit.
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