Rivian cuts hundreds of workers after R2 deliveries start

Rivian laid off hundreds of employees this week as part of a restructuring aimed at achieving profitability. The electric vehicle manufacturer stated that these workforce reductions are intended to streamline operations and support its path toward financial sustainability. This move follows Rivian's recent decision to delay its profitability targets, a shift attributed to increased investment in autonomous driving technology. The company is focusing on optimizing its production and operational costs to better navigate the competitive EV market and meet its long-term financial objectives. The layoffs represent a significant step in Rivian's strategic realignment to enhance efficiency and accelerate its journey to becoming a profitable entity.