Rivian CEO confirms layoffs are on the table

Posted on July 12, 2022
Rivian CEO RJ Scaringe sent out a letter to employees on Monday. (Photo courtesy: WJBC/File)

By Blake Haas

NORMAL – A late Monday-night letter to employees confirms Rivian CEO RJ Scaringe is looking at “adopting major cost down efforts” on the heels of a report suggesting layoffs.

On Monday, Bloomberg reported the possibility that the company could cut up to 700 jobs.

“The hardest part of this process has been working through our organization to assess the size and structure of our teams and how well this aligns with our strategic plan,” Scaringe noted. “Our team is the core of Rivian, and we are working to be as thoughtful as possible as we consider any reductions.”

According to the report, the cuts could focus on “nonmanufacturing roles,” but it’s unclear what that means for the Normal facility.

Blake Haas can be reached at [email protected].

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