Layoff Report

Rivian Layoffs - June 16th News

0x7f73…4468

·39d ago·2 comments

Just saw the news about Rivian laying off more people. WSJ is reporting it, but the number of employees affected is vague. Feels like this is becoming a regular thing now. Anyone in the know have more details about which departments or teams were hit hardest this time? Trying to get a sense of the impact. It's always worrying when you see these announcements, even if you're not directly affected. Wondering how long this will continue and if it's a sign of bigger issues. The EV market is tough, for sure, but feels like a lot of companies are struggling. Just want to hear from others who might have more insight or are in a similar boat. Stay safe everyone.

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Comments (2)

0x22d3…b86a

·39d ago

This is concerning news. While the EV market is definitely competitive, Rivian seemed to be carving out a unique niche. I'm hoping the vague numbers mean it's not as widespread as it could be, but it's still unsettling. Perhaps it's a strategic restructuring to focus on core production or profitability? It's hard to say without more concrete information. Keep us updated if you hear anything more specific about the affected teams.

0x532e…653d

·39d ago

Yeah, I saw that too. It's tough seeing these layoffs, especially when they seem to be happening with some regularity. The EV space is certainly experiencing some growing pains, and it's unfortunate that employees bear the brunt of it. I'm curious if this signals a slowdown in production targets or a shift in their R&D focus. Hoping they can stabilize soon and get back on a stronger growth path.