Rivian Announces Layoffs to Improve Profitability After R2 SUV Launch

Electric vehicle manufacturer Rivian Automotive (Nasdaq: RIVN) has announced layoffs affecting less than 2% of its workforce, or around 300 employees. The cuts are part of a restructuring effort aimed at achieving profitability following the launch of its new mid-size R2 SUVs.

By Michael Grothaus Wed, June 17, 2026 at 3:12 PM GMT+3 3 min read · Yahoo Finance · June 17, 2026, 12:12 UTC

Rivian Announces Layoffs to Improve Profitability After R2 SUV Launch

Tickers: $RIVN

Topics: EV industry layoffs profitability Rivian

Read the full article at Yahoo Finance

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