Rivian electric truck maker lays off 840 of its work force

The Rivian R1T electric pickup

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Electric truck maker Rivian laying off 6% of its workforce
  • Rivian, the Amazon-backed manufacturer of electric pickups, SUVs and delivery vans, is laying off about 6% of its workforce as the company adjusts as the “world has dramatically changed,” according to an email sent by CEO RJ Scaringe to Rivian’s roughly 14,000 employees.
  • About 840 of those employees were told Wednesday that they will be leaving the company.
  • Scaringe pointed to inflation, rising interest rates and increased commodity prices as factors that led the startup automaker to trim its workforce.

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