Report: Rivian Plans Non-Manufacturing Layoffs via insideevs.com
, which indicated noticeable progress compared to Q1 .
It's obvious that Rivian is focused on manufacturing and supply chain, so any substantial layoffs at the factory can be ruled out. But other things, who knows?The article notes that Rivian has roughly doubled its headcount over the past year, after the IPO. Slower than expected production ramp-up and parts supply constraints potentially require a focus on the foundations and adjusting the expansion plan.
Tesla also recently hinted at job cuts and also not in the manufacturing areas. This is because demand for existing electric vehicles remains high, but production is the main bottleneck. Future projects or auxiliary tasks might be delayed, especially because the production of new things is limited anyway.
With backing from Amazon and Ford, almost $17 billion in cash, and restricted cash as of the end of March, Rivian does not seem endangered, but adjustments might be necessary to limit losses until reaching high volume production.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Rivian reportedly plans to lay off around five percent of its workforce | EngadgetThe company has been growing too quickly in some areas, according to Bloomberg..
Weiterlesen »
Tesla rival Rivian plans to cut about 700 jobs: BloombergInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Rivian To Start R1S Customer Deliveries In August Or September | CarscoopsRivian To Start R1S Customer Deliveries In August Or September | Carscoops carscoops
Weiterlesen »
Rivian planning hundreds of layoffs following surge in staffingThe company, which has more than 14,000 employees, could target an overall reduction of around 5%.
Weiterlesen »
Report: NBC Blocked Macy Gray from Wearing 'Free Brittney Griner' Shirts on Today ShowSinger Macy Gray is accusing NBC’s ‘Today’ show of refusing to allow her band to wear T-Shirts with the slogan “Free Brittney Griner.”
Weiterlesen »