Rivian Automotive to lay off 10% of workforce beginning Thursday

Posted on February 21, 2024
Rivian automotive posted their earnings on Wednesday afternoon. (Photo courtesy: Rivian/File)

By Blake Haas

NORMAL – Rivian Automotive plans to lay off 10% of its workforce posting their earnings.

The electric vehicle manufacturer, which has a plant in Normal, posted a loss of $2.7B in the past year.

In addition, Rivian announced their production goal for 2024 was 57,000 vehicles, well below the 80,000 vehicles predicted.

“We’re not breaking down numbers at this stage. We have approximately 16,700 employees,” Harry Porter, Corporate Affairs told WJBC in a statement. “That is a mix of salaried and hourly. We are laying off 10% of salaried employees – to make the point that we’re not impacting hourly manufacturing workers at (the) Normal (plant).”

Rivian plans to announce a cheaper electric vehicle called the R2 in March.

The EV maker plans to manufacture the R2 at a $5B plant in Georgia.

Blake Haas can be reached at [email protected].

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