Rivian announces more layoffs for some salaried positions

Posted on June 14, 2024

NORMAL – Rivian announced more layoffs on Thursday.

According to Rivian spokeswoman Kelli Felker, the electric car manufacturer will be eliminating a small number of salaried positions.

“As we continue improving efficiency across the company, we are eliminating a small number of salaried positions,” Felker said. “In April we increased our manufacturing efficiency, enabling us to build the same number of vehicles as we did in 2023 on two shifts instead of three.

“The majority of employees affected are a result of that move,” she added.

Felker also said no hourly employees will be impacted by the layoffs.

This is one of several recent layoffs from Rivian, with one of the last ones in April that affected 1% of the company’s workforce.

This announcement also follows a filing Rivian President R. J. Scaringe made with the U.S. Securities and Exchange Commission to sell 71,429 shares of Rivian common stock on June 10.

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