Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said in mid-April it is laying off more workers as it cuts costs to buttress its balance sheet.
California-based Rivian said it will cut about 1% of its workforce, the second announced round of layoffs for the EV maker this year. In February, Rivian said it would cut 10% of salaried staff as it forecasted production would be flat compared to 2023.
At the end of last year, Rivian said it had nearly 17,000 workers, meaning the most recent cuts would likely total fewer than 200. The company did not disclose the locations of jobs cut or severance information.
