Rivian reportedly cutting 600 workers in third layoff of the year

Core Insights - Rivian is cutting 600 workers, approximately 4% of its total workforce, marking its third layoff of the year [1] - Previous layoffs included cuts of 100 to 150 workers in September and June [1] - The company is preparing to launch its mass-market R2 SUV model in 2026, aiming for an annual production of 150,000 units at its Normal, Illinois factory [2] - Rivian has begun construction on a new factory near Atlanta for additional R2 production and variants [2] - Current sales figures are projected to decline, with a best-case estimate indicating a 16% drop in total deliveries by the end of 2025 compared to last year [3]