Rivian just underwent its second round of layoffs in 7 months. It could be a sign the EV startup's chief executive knows the ...

First reported by Reuters on Wednesday, Rivian is laying off 6% of its workforce, which is approximately 840 jobs. It’s the California-based EV startup’s second round of layoffs since July.

This latest round of layoffs will be aimed at cutting operational ... Just like many other EV startups, Rivian is grappling with production ramp-up and declining cash reserves.

Rivian Automotive Inc. RIVN, +1.60% plans to initiate another round of layoffs, the latest in the electric-vehicle startup’s efforts to preserve cash as it confronts challenges scaling its business.

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.

Its fellow EV startups Tesla Inc. and Lucid Group ... delivery vans for commercial use. In announcing layoffs earlier this month, Rivian CEO RJ Scaringe said the automaker is getting back on ...

perhaps with players that grabbed less investor attention than Rivian. Arrival, a UK-based commercial EV startup, has gone through multiple restructurings resulting in layoffs. The company ...