Rivian Announces Additional Staff Cuts Amid Efforts to Improve Profitability
Electric vehicle maker Rivian (RIVN) has announced another round of staff reductions as part of its strategy to streamline operations and achieve profitability. The layoffs, affecting less than 2% of the workforce, come shortly after the launch of the R2 SUV, seen as a key product for mass-market success.
Tickers: $RIVN
Topics: cost-cutting layoffs Rivian stock performance