Rivian layoffs: Electric SUV maker slashes hundreds of jobs in bid for profitability after R2 launch

Rivian layoffs: Electric SUV maker slashes hundreds of jobs in bid for profitability after R2 launch

💼 Finance & Business
📡 2 sourcesFast Company, CNBC Business
Summary

Electric SUV maker Rivian Automotive (Nasdaq: RIVN) has cut hundreds of jobs as it seeks to achieve profitability, the company confirmed. The layoffs come just days after the automaker launched its new R2 mid-size SUVs to the public.

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