Thursday, 22 February, 2024

Rivian Announces Layoffs Amid Q4 Earnings Report

Electric vehicle manufacturer Rivian reveals layoffs as part of its fourth-quarter earnings report. The company cites production challenges and supply chain disruptions as reasons for the decision. Despite significant investments and anticipation for its electric trucks and SUVs, Rivian's move reflects the complexities of scaling up EV production. The layoffs underscore the ongoing hurdles faced by automotive startups in the competitive EV market.