US EditionRivian to Lay Off More than 600 Employees
- On October 23, 2025, Rivian Automotive plans to lay off more than 600 employees, a cut The Wall Street Journal said equals roughly 4% of the workforce.
- Facing a tougher market, Rivian and other EV manufacturers operate amid changing regulations including the end of the $7,500 federal incentive, trimming staff to conserve cash while launching the R2 next year.
- Earlier this year the company cut around 100 to 150 workers and Q3 2025 deliveries exceeded expectations, despite the forecasted 16% drop from last year.
- A source told CNBC that details will be shared with employees Thursday, while Rivian declined to comment on which teams are affected and did not immediately respond to Reuters requests for comment.
- Longer term, Rivian plans to produce 150,000 vehicles annually at its Normal, Illinois plant while facing profitability challenges from high costs and fierce competition from Tesla, Ford, and Chinese rivals.
38 Articles
38 Articles
Rivian Crippled by New Layoffs
Rivian Automotive Inc. (NASDAQ: RIVN) has been crippled for years, and the battered electric vehicle (EV) industry has made this worse. The company will lay off 600 people, according to a Wall Street Journal report. The move is intended to preserve precious cash as U.S. EV sales go into hibernation. 24/7 Wall St. Key Points: Rivian Automotive Inc. (NASDAQ: RIVN) reportedly will lay off 600 employees. The struggling EV maker’s prospects contin…
Rivian Lays Off More Than 600 Workers Amid EV Pullback – The EV truck maker is expecting a drop in sales of electric vehicles
WSJ Excerpt: Rivian RIVN 0.42%increase; green up pointing triangle is carrying out another round of layoffs affecting around 4.5% of its workforce as the electric-truck maker tries to conserve cash…
Rivian plans to lay off more than 600 workers. Read the memo from CEO RJ Scaringe
Rivian is set to lay off more than 600 employees. Smith Collection/Gado/Getty Images Rivian plans to cut over 600 jobs, affecting around 4% of its workforce. The layoffs come amid administrative changes affecting the electric vehicle industry. The removal of a $7,500 federal tax credit presents…
Rivian plans to lay off more than 600 workers. Read the memo from CEO RJ Scaringe.
Rivian is set to lay off more than 600 employees.Smith Collection/Gado/Getty ImagesRivian plans to cut over 600 jobs, affecting around 4% of its workforce.The layoffs come amid administrative changes affecting the electric vehicle industry.The removal of a $7,500 federal tax credit presents challenges for companies like Tesla and Rivian.Rivian plans to cut more than 600 roles, according to an internal memo shared with the company on Thursday tha…
Rivian Announces Second Round of Layoffs in a Month as EV Industry Woes Deepen
Electric truck maker Rivian is conducting another round of layoffs, cutting over 600 jobs, which amounts to four percent of its headcount, as the company tries to reduce costs amidst a pullback in the EV industry. This is the EV company's second round of layoffs in a month.
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- 39% of the sources lean Left, 39% of the sources are Center
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