Rivian is cutting fewer than 2% of its employees to bring costs under control as it works towards profitability.
In a statement to Just Auto, the company said: “We recently restructured a handful of teams within Rivian as we work to profitably scale our business.” The cuts affect Rivian’s service and customer organisation, including sales and marketing teams
The job cuts were The company said employees affected by the decision would be able to apply for other open positions internally. The reductions amount to hundreds of jobs. Rivian had 15,232 employees across North America and Europe at the end of last year.
The latest round of layoffs comes as Rivian rolls out the R2 SUV, a smaller and more affordable model seen as central to broadening the company’s customer base and improving its financial position. Rivian has already said it no longer expects to achieve its 2027 adjusted core profit target, as it increases spending on research and development to accelerate its autonomous driving plans. Rivian posted a $3.6bn loss last year while delivering 42,247 vehicles.