Rivian is shedding a whole lot of employees only one week after it began deliveries of its hotly-anticipated R2 SUV, the corporate has confirmed to TechCrunch.
The corporate mentioned the layoffs will have an effect on lower than 2% of its general workforce, and that it was completed to spice up effectivity. It’s no less than the fourth spherical of cuts Rivian has made because the starting of 2024. The Wall Avenue Journal first reported the brand new spherical of cuts on Tuesday.
“We just lately restructured a handful of groups inside Rivian as we work to profitably scale our enterprise,” the corporate mentioned in an announcement. Rivian mentioned the cuts influence its service and buyer groups, which embody gross sales and advertising and marketing.
Rivian had been seeking to flip its first revenue in 2027 after accumulating losses of round $30 billion thus far. However Rivian pushed that goal back in March due to how a lot cash it’s spending on creating autonomous automobile know-how.
The profitability delay was revealed to buyers alongside information that Uber plans to take a position as much as $1.25 billion in Rivian and buying as many as 50,000 R2 SUVs for use as robotaxis. Rivian has but to reveal that it may possibly develop such capabilities, although, because it presently solely affords a hands-off, eyes-on-the-road characteristic.
