Rivian Layoffs 2024: What to Know About the Latest Round of RIVN Job Cuts

Even after announcing another round of job cuts, Rivian Automotive (NASDAQ:RIVN) stock is rising today. In February 2024, the electric vehicle (EV) producer reduced its salaried workforce by 10%. Yesterday, it announced plans to lay off even more workers. This time around, though, the Rivian layoffs are much less significant. Only 1% of its jobs are being eliminated in a clear attempt to reduce costs as the EV market continues to struggle. But this news isn’t impacting RIVN stock, which has been rising sinc ...