Rivian Rumored to Cut Hundreds of Jobs
Despite criticism from the press and customers alike of slow delivery times and missed deadlines, there are rumblings that Rivian is cutting jobs.
From a tip to Bloomberg News, by someone “familiar with the matter,” Rivian plans on announcing layoffs soon. The layoffs could affect 5% of Rivian’s workforce but will target non-manufacturing jobs. These jobs are part of departments that the source claims “grew too fast,” culling jobs that could be redundant. The announcement hasn’t happened yet, but the source told Bloomberg News that it could come in the coming weeks, as early as August. With a staff of around 14,000 global employees, a 5% workforce cut would result in the culling of hundreds of jobs.
A few weeks ago, Rivian extolled its efforts, it delivered more than 4,000 trucks by Q2. These deliveries put Rivian back on track, as it rockets to meet its 25,000 unit delivery goal by the end of 2022. Rivian had doubled its employee headcount for its Plymouth Township, MI Research, and Design center, to ramp up its efforts to launch the R1T pickup. Rivian still hasn’t delivered any R1S SUVs to anyone that isn’t a Rivian employee, and Canadian R1T truck reservation holders are growing irritated with delivery promises that have been pushed back, yet again. Also, Rivian has openly stated that it wants to enter other market segments, too.
It’s unclear if these layoffs will affect future product development or deliveries of the R1T or R1S. Rivian has refused to give comments to any outlet on the validity of layoff claims. Still, stay tuned, layoffs could be coming very soon at Rivian.
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