Even after announcing another round of job cuts, Rivian Automotive (NASDAQ:RIVN) stock is rising today. In February 2024, the ...
Irvine-based Rivian Automotive will cut an another 1% of its workforce, the second round of layoffs this year as the electric ...
As EV sales sputter, the faltering company cuts 1 percent of its workforce in a second round of firings this year.
On April 17, the company said that it would lay off 1% of its workforce, taking another step on a long road to chipping away ...
Stock Market News, Stock Advice & Trading Tips Tesla‘s (NASDAQ:TSLA) announcement of cutting 10% of its global ...
Electric vehicle maker Rivian said Tuesday it is making progress in its efforts to rein in costs and shore up its manufacturing capabilities — both critical components to determining when the company ...
One’s burning cash, one’s moving out, and another’s laying off. Four high-profile EV makers are having a rough quarter.
Rivian has cash reserves of $9.4 billion at the end of 2023 while it produced 57,000 cars in 2023. Read why I'm bullish on ...
Tesla laid off multiple teams in the latest cuts made after announcing a 10% reduction in employees earlier this month.
But shares of Rivian hit a record low on Tuesday amid intensifying concerns around the souring consumer EV sentiment. Companies that bet billions of dollars on an all-electric future are now ...