Rivian announced layoffs of a few hundred employees, less than 2% of its workforce, focusing on service and customer teams as part of efforts to reduce losses. This move follows the launch of its new R2 SUV, aimed at expanding Rivian's market beyond luxury EVs toward mainstream buyers. Despite these efforts, Rivian reported a $3.6 billion loss last year and has yet to achieve annual profitability. The company hopes the R2 SUV will help it reach profitability as it faces a tougher EV market with reduced federal incentives.
Electric vehicle maker Rivian is laying off hundreds of workers, mainly in its service and customer division, as part of a restructuring effort to scale its business efficiently. The layoffs represent less than 2% of its workforce of about 15,200 emp...
Rivian has laid off hundreds of workers, affecting less than 2% of its workforce, shortly after beginning deliveries of its new R2 SUV. The cuts target service and customer teams, including sales and marketing, as part of a restructuring to improve e...
ChargeScape, an automaker-owned vehicle-grid integration platform, has partnered with Rivian to enroll Rivian's high-capacity EV batteries into utility-managed charging programs across North America. This collaboration allows Rivian drivers to save o...
Rivian CEO RJ Scaringe founded Mind Robotics last year, raising over $1 billion to develop humanoid robots designed to work alongside humans in manufacturing. The company plans to unveil its first product within a year, with Rivian as a major shareho...
