Rivian is struggling to get the business under control, and now that means even more layoffs. Back in February, 10 percent of all employees quit.
In February, more than 1,000 employees lost their jobs at Rivian's factory in the city of Normal in the US state of Illinois.
And now even more are getting kicked out of the manger. This week, the brand announced that it will cut the number of positions by a further one percent.
Bloomberg writes that.
And it is far from the first time that this has happened. In addition to the layoffs in February this year, during the same period Rivian said goodbye to six percent of its employees. While another 6 percent had their contracts torn up in the summer of 2022.
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Another 20 percent were fired last December. For the layoffs in the Christmas month, Rivian said it had "approximately" 16,800 employees.
In a comment to Bloomberg, Rivian says that it continues to work on "adjusting the business and the priorities in it".
On the other hand, Rivian is far from the only one saying goodbye to a sea of employees at the moment. Kriseramte Fisker Inc. has already said goodbye to 15 percent of its employees.
And recently, Tesla's security guards had to tell several employees that they had been fired and that their access card to one of the brand's factories was therefore not working. Read more about it here.
Despite the layoffs, Rivian still believes there is a market outside the US. Among other things here in Europe. However, it is not immediately known whether Denmark is included in those plans.
However, the stock does not leave any impression that Rivian is gaining momentum. Not even out of the US. Since the IPO in November 2021, Rivian has lost 93 percent of its original value. For Fisker Inc. that number is over 99.5 percent.
Read more exciting news from and about the world of cars right here!
