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Rivian cuts 1% of workforce in second job cut this year

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Rivian cuts 1% of workforce in second job cut this year

Apr 17, 2024 12:22 PM

SAN FRANCISCO (Reuters) - Electric vehicle maker Rivian said on Wednesday it cut about 1% of its workforce - the second round of job cut this year - as it races to reduce cost amid a broader slowdown in EV demand.

"This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year," the maker of R1S SUVs and R1T pickup trucks said in an email to Reuters.

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