- Rivian is undergoing a new round of layoffs.
- This is the fourth wave of job cuts at the company in recent years.
- More than a dozen employees began posting about the layoffs on LinkedIn.
Rivian is undergoing a new round of layoffs.
More than a dozen workers began posting about job cuts at the company on LinkedIn Wednesday afternoon. A spokesperson later confirmed the layoffs.
“We continue to work to right-size the company and ensure alignment with our priorities,” they told Business Insider. “Following on from some of the changes we made to Teams in February, today we’ve shared some additional changes to the groups supporting the company. Approximately 1% of our workforce was affected by this change. This was a difficult decision, but a necessary one to support our goal of having a positive gross margin by the end of the year. »
At the end of 2023, Rivian employed nearly 17,000 workers in North America and Europe.
This is Rivian’s fourth round of layoffs in recent years. Rivian cut 10% of its workforce in February, 6% in February 2023 and another 6% in July 2022, BI previously reported.
In March, Rivian delayed the opening of a planned factory in Georgia, choosing to build its recently announced R2 vehicle at its existing factory in Illinois.
Rivian is one of several electric car makers grappling with slowing demand for electric vehicles. Elon Musk told staff that Tesla was cutting more than 10% of its workforce earlier this week.
Are you an affected Rivian employee? Contact this reporter at gkay@insider.com.
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