One luxury EV maker has just announced layoffs. Another unveiled a new high-end electric SUV yesterday that will compete with Rivian's R1S. Rivian's sales represented an average price of more than ...
Two rounds of layoffs and an 80% stock slump have Rivian's CEO promising focus. Customers just want their cars.
24/7 Wall St. Rivian, the electric vehicle (EV) maker, has said its best years are ahead of it. Yet, it announced a new set of layoffs, which means management worries that this outlook is not true.
Industry experts say price cuts by industry leader Tesla Inc and the availability of cheaper EV models from traditional ... from startups such as Lucid and Rivian Automotive Inc. Last month ...
Irvine-based Rivian Automotive ... for the EV maker and represents around 800 employees. Rivian had around 14,000 staff globally before the latest trim. It follows a round of layoffs in July ...
Download Insider's app here. 1. Lucid, a Tesla rival, is planning layoffs. The EV startup is planning to lay off hundreds of employees, my colleague Alexa St. John reported. About 18% of Lucid's ...
Rivian just underwent its second round of layoffs in 7 months. It could be a sign the EV startup's chief executive knows the need for focus. In the meantime, customers and shareholders have been ...
Electric-vehicle maker Lucid Group Inc is planning to lay off about 18% of its workforce, Insider reported on Tuesday, citing ...
RELATED EV maker Rivian pulls out of agreement with Mercedes Lucid is among a number of tech companies, including Amazon, Microsoft and Meta, that have announced layoffs amid economic concerns.
