Rivian is laying off 6 percent of its employees — again

Feb 1 2023 by The Verge

 
Photo by Nilay Patel / The Verge

Another day, another company announces it’s laying off 6 percent of employees. Today, that company is Rivian, the EV automaker that had one of the biggest IPOs of 2021 but has since struggled to hit its targets as manufacturing and supply chain problems mount.

The layoffs also come amid a looming EV price war, in which Tesla and Ford have lowered prices on their flagships vehicles. Other automakers have said they are not ready to slash prices on...

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