Electric vehicle manufacturer Rivian has made a shocking move, cutting hundreds of jobs just days after launching its highly anticipated new model, the R2. The sudden layoffs have sent shockwaves through the industry, raising questions about the company's financial stability and ability to scale production. Rivian, which has received significant investment from major players like Amazon and Ford, had been expected to continue its rapid growth trajectory following the launch of the R2. However, the job cuts suggest that the company may be facing significant challenges in meeting demand and managing its workforce, potentially impacting its long-term prospects in the competitive EV market.
Rivian Cuts Hundreds of Jobs Days After Launching New EV Model Bloomberg.com
