LISTEN: Rivian Reportedly Laying Off 600 Workers

Electric vehicle maker Rivian plans to lay off approximately 4% of its workforce, according to the Wall Street Journal. The report stated that the development would impact over 600 employees. However, the company has not provided further details.

The news comes after a WSJ report in September that Rivian would cut about 1.5% of its workforce. A company spokesperson said that the previous layoffs impacted the commercial team as the automaker worked to “improve operational efficiency” for its upcoming R2 model, planned for launch in 2026.