Rivian reportedly cutting 600 workers in third layoff of the year

Rivian is reportedly cutting different 600 workers successful its 3rd layoff of the year, oregon astir 4% of its full workforce, according to The Wall Street Journal.

The institution antecedently made cuts of astir 100 to 150 workers successful September and June to its commercialized and manufacturing teams, respectively. Rivian declined to remark connected what teams are affected by this caller circular of layoffs.

The cuts travel arsenic Rivian is prepping to motorboat its all-important mass-market model, the R2 SUV, successful 2026. The institution plans to marque arsenic galore arsenic 150,000 of those EVs per twelvemonth astatine its mill successful Normal, Illinois. Rivian besides precocious broke crushed connected a marque caller mill extracurricular of Atlanta, wherever it plans to physique much R2s and different variants.

Until R2 hits the road, though, Rivian is struggling to support up the gait of income with its existent lineup. Its existent best-case conjecture for full transportation figures astatine the extremity of 2025 would correspond a 16% driblet from past year’s sales.