Rivian Layoffs 2024 Toyota

Rivian Layoffs 2024 Toyota. Rivian automotive said it would lay off 10% of its salaried workforce and expects vehicle output to be flat this year, citing tougher market conditions for its electric trucks. Rivian’s 2024 layoffs hit second gear as truck maker sheds more workers.

Rivian automotive is laying off 6% of its workforce in an effort to cut costs as the ev maker, already grappling with falling cash reserves and a weak economy, braces for an. Rivian announced wednesday that it will lay off 10% of its salaried workers beginning thursday morning, amid a quarterly loss and an increasingly competitive ev market.