Rivian announces more layoffs

Posted on April 17, 2024
Rivian automotive announced the layoffs on Wednesday. (Photo courtesy: Rivian/File)

By WMBD

NORMAL – 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,” Felker said.

These layoffs are in addition to the ones the company had previously announced in February when it announced it was reducing its salaried workforce by 10%.

Rivian stated that none of these layoffs are expected to affect hourly manufacturing workers.

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