Electric vehicle manufacturer Rivian has made a shocking move, laying off hundreds of employees just days after unveiling its highly-anticipated R2 electric SUV. The decision comes as a surprise to many in the industry, where Rivian has been making significant investments in its production and expansion plans. Despite the company's recent momentum, with the R2 SUV marking its second major electric vehicle launch, the layoffs suggest that Rivian may be grappling with financial challenges and operational inefficiencies. As the electric vehicle market continues to heat up, Rivian's move raises questions about the company's long-term viability and its ability to compete with established players in the sector.
Rivian lays off hundreds of workers days after launching R2 electric SUV San Francisco Chronicle
