Market Data 
- Rivian is undergoing another round of layoffs.
- Its the company’s fourth wave of job cuts in recent years.
- Over a dozen employees have begun posting about the layoffs on LinkedIn.
Rivian is going through another round of layoffs.
Over a dozen workers began posting on LinkedIn about cuts at the company on Wednesday afternoon. A spokesperson later confirmed the layoffs.
“We continue to work to right-size the business and ensure lignment to our priorities,” they told Business Insider. “As a follow-up to some of the changes we made to teams in February, today we shared some additional changes to groups supporting the business. Around 1 percent of our workforce was affected by this change. This was a difficult decision, but a necessary one to support our goal to be gross margin positive 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 staff 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, opting 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 EVs. Elon Musk told staff that Tesla was cutting more than 10% of its workforce earlier this week.
Are you an affected Rivian employee? Get in touch with this reporter at [email protected].
