Get access to our best features

Get access to our best features

Published 14 days ago

Rivian announces more layoffs

Summary by CENTRALILLINOISPROUD

NORMAL, Ill. (WMBD) -- Rivian announced more company-wide layoffs on Wednesday. According to Rivian's Corporate Communications Sr. Manager Kelli Felker, the layoffs will affect an additional 1% of Rivan's workforce. Felker said it was part of Rivian's continued work to resize itself to align with its business priorities. "This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year," F…

0 Articles

0 Articles

All

Left

Center

Right

Business Insider

Rivian lays off more workers

Rivian has faced many of the same struggles that electric-car manufacturers worldwide have, including stagnant demand. Spencer Platt / Getty ImagesRivian 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 W…

14 days ago·United States

Read Full Article

CENTRALILLINOISPROUD

Rivian announces more layoffs

NORMAL, Ill. (WMBD) -- Rivian announced more company-wide layoffs on Wednesday. According to Rivian's Corporate Communications Sr. Manager Kelli Felker, the layoffs will affect an additional 1% of Rivan's workforce. Felker said it was part of Rivian's continued work to resize itself to align with its business priorities. "This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year," F…

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.

Coverage Details

Total News Sources0

Leaning Left1Leaning Right0Center1Last Updated14 days agoBias Distribution

50% Left, 50% Center

Bias Distribution

50% of the sources lean Left, 50% of the sources are Center

50% Center

Business Insider

CENTRALILLINOISPROUD

Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

Stories disproportionately reported by the Left or the Right

Similar News Topics

Trending Topics

Donate Privacy Policy Manage Cookies Terms and Conditions

© 2024 Snapwise Inc.