Rivian trims workforce as R2 rollout targets profitability

1 min read
Source: CNBC
Rivian trims workforce as R2 rollout targets profitability
Photo: CNBC
TL;DR Summary

Rivian is laying off hundreds of workers—under 2% of its staff—as it scales the R2 SUV rollout and pursues profitability, following a $3.6 billion loss last year and ongoing restructuring that affected service and customer teams.

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