Electric vehicle maker Rivian has announced another round of significant job cuts, impacting approximately 600 employees. This marks the third such reduction for the company in 2026, following earlier layoffs in manufacturing and commercial teams. The CEO is personally taking over marketing duties as part of these structural adjustments. These cuts are occurring despite strong delivery numbers for the R2 model, indicating a focus on profitability and scaling. The company aims to streamline operations to achieve profitable growth.
San Francisco, California
https://startupfortune.com/rivian-cuts-600-jobs-in-third-layoff-round-this-year/