Rivian reduces employment by 6% - Bloomberg 

According to Bloomberg, Rivian is reducing its personnel by 6%.

According to a memo from CEO RJ Scaringe to employees obtained by the site, the company is moving forward with previously mentioned restructuring that includes considerable job losses.

[{"selector":"#anim-55407ac9-26aa-4e07-a34f-d043f0296dbb","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1abf0a4f-39b5-4ac8-802a-7e7c608bc3b8","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

A large company meeting was conducted on Friday, July 22 to address possible layoffs and plans to postpone some programmes.

According to reports, the rationale for the decrease was that the carmaker had simply grown too quickly in certain sectors, leaving it with too many employees performing the same responsibilities.

[{"selector":"#anim-2cc98113-bffd-4bf9-a2fb-27f504033e7b","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-843d2c29-4c10-4e32-b907-0e9f166bf8a1","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

As of Dec 31,2021 the total number of employees in Rivian was 10,422.

[{"selector":"#anim-5e581ed3-38de-45ff-be97-67553b80bf26","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5a39f1eb-e30c-4e12-9a23-3d2792967cb4","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Rivian Automotive, Inc. is a 2009 American electric vehicle manufacturer and automotive technology company.

[{"selector":"#anim-0ab21036-f554-4250-b44d-b799c881d0f3","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-99bd03cb-999a-4067-946f-01563e472a9a","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Rivian is developing an electric SUV and pickup truck based on a "skateboard" architecture.

[{"selector":"#anim-c0dba713-3952-4745-915f-aaa53e8c462b","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f13e8111-8ef6-4f39-8961-63f62b527b30","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Rivian is headquartered in Irvine, California, with a manufacturing facility in Normal, Illinois.

[{"selector":"#anim-a61c3399-ba3f-4da3-9a3d-aa5fa053dacc","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c26832b1-995d-4a3e-a9f5-6a509018f68f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Following its IPO in November 2021, the company raised over $13.5 billion in financing.

[{"selector":"#anim-1e685da7-ce0c-436e-86fa-1a04356a786f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a72a7dbc-44ef-4319-84f4-7277f2d76db6","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

To Read Other Articles Click Below

[{"selector":"#anim-69c77177-8189-4326-9cc7-cf1b26fb32fb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.24813235633392%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e4eb4638-9632-4820-8973-b02159ce8bb6","keyframes":[{"offset":0,"transform":"translate3d(0, -896.37221%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -252.059865452%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -85.693183276%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -32.179762339%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -13.983406475999999%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}]