Rivian to Lay Off More Than 600 Workers Amid EV Pullback

Rivian to Lay Off More Than 600 Workers Amid EV Pullback

 

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. REUTERS/Joel Angel Juarez/File Photo

Rivian RIVN 1.62%increase; green up pointing triangle is carrying out another round of layoffs affecting around 4% of its workforce as the electric-truck maker tries to conserve cash in a world pulling back from electric vehicles.

Read the full story at wsj.com (opens in a new tab)

Paid for by The Empowerment Alliance