Rivian cuts hundreds of workers after R2 deliveries start

In Brief

Rivian is laying disconnected hundreds of workers conscionable 1 week aft it began deliveries of its hotly-anticipated R2 SUV, the institution has confirmed to TechCrunch.

The institution said the layoffs volition impact little than 2% of its wide workforce, and that it was done to boost efficiency. It’s astatine slightest the 4th circular of cuts Rivian has made since the opening of 2024. The Wall Street Journal first reported the caller circular of cuts connected Tuesday.

“We precocious restructured a fistful of teams wrong Rivian arsenic we enactment to profitably standard our business,” the institution said successful a statement. Rivian said the cuts interaction its work and lawsuit teams, which see income and marketing.

Rivian had been looking to crook its archetypal nett successful 2027 aft accumulating losses of astir $30 cardinal to date. But Rivian pushed that extremity backmost successful March due to the fact that of however overmuch wealth it’s spending connected processing autonomous conveyance technology.

The profitability hold was revealed to investors alongside quality that Uber plans to put up to $1.25 cardinal successful Rivian and purchasing arsenic galore arsenic 50,000 R2 SUVs to beryllium utilized arsenic robotaxis. Rivian has yet to show that it tin make specified capabilities, though, arsenic it presently lone offers a hands-off, eyes-on-the-road feature.

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