Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | X
Rivian started on Wednesday a new round of layoffs according to what internal people familiar with the matter told EV.
Employees of the Irvine-based electric vehicle manufacturer are now updating their LinkedIn profiles to indicate their availability for new job opportunities. They mention being impacted by recent layoffs at Rivian, which occurred on Wednesday.
“This was a difficult decision, but a one to support our goal to be gross margin positive by the end of the year,” Rivian said in an email to Reuters after EV’s report.
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In February of this year, Rivian announced a workforce reduction of 10 percent following similar layoffs of 6 percent in July 2022 and May 2023. As of the time of writing, it is still unknown the scale of the reduction.
The previous round of layoffs impacted over a thousand employees at the company’s Irvine, California headquarters, which was employing a total of 16,700 salaried and hourly workers by the end of 2023.
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Rivian’s factory is currently temporary closure until the end of the April for the implementation of new technologies and production methods aimed at substantial cost reduction.
The company recently announced that until the end of April, Rivian‘s R1T and R1S vehicles ordered from the automaker’s inventory will include a complimentary XPEL Stealth paint protective film (PPF) valued at $5,000.
The company’s recent update to the NHTSA’s VIN database reveals preparations for the introduction of a Tri-Motor variant and a new “Premium” trim level for the 2025 version of its model R1S and R1T. This expansion of options accompanies the upcoming release of the 2025 R1S and R1T later this year.
Last week, the company reported 13,980 vehicles produced in the first quarter of the year of which 13,588 were delivered to its customers. Despite having previously guided a 10-15% quarter over quarter drop from the fourth quarter, Rivian is on track and reaffirmed its 2024 production guidance of 57,000 vehicles.
Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | X
