SAN FRANCISCO, April 17 (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.