Core Insights - Rivian is laying off approximately 600 employees to address ongoing volatility in the U.S. electric vehicle market [1] - The layoffs will primarily affect commercial positions in the service and sales departments [1] - This round of layoffs represents about 4% of Rivian's workforce, which is projected to be around 15,000 employees by the end of 2024 [1] Industry Context - The challenges faced by electric vehicle manufacturers, particularly during the Trump administration, include the cancellation of electric vehicle tax credits and the repeal of fuel economy and emissions standards, which are eroding already unstable market demand [1] - As a result, automakers are shifting focus towards more profitable gasoline vehicles [1] - Rivian had previously adjusted its financial outlook in August, citing tariffs and policy changes, lowering its expectations from slight profitability to breakeven on gross margins [1] - The recent layoffs come just weeks after the company confirmed a 1.5% reduction in its workforce [1]