Rivian Is Laying Off Workers. The EV Pain Is Coming.
The recent layoffs at Rivian highlight the increasingly tough road ahead for electric vehicle (EV) manufacturers. According to a report from The Wall Street Journal, Rivian is cutting about 1.5% of its workforce—roughly 220 employees from its nearly 15,000-strong team—as it works to reduce costs and streamline operations ahead of the launch of its next-generation … Read more