Electric truck maker is reportedly planning to put off a whole lot of employees. While the corporate hasn’t made a agency choice on mass job cuts, in line with , it could shed round 5 % of the workforce. With a headcount of greater than 14,000, that equates to round 700 staff. Layoffs could also be introduced within the coming weeks, the report suggests. Rivian declined to remark to Engadget.
The job cuts would primarily be for non-manufacturing positions in areas the place Rivian has expanded too shortly. Teams with duplicate features are stated to be amongst these the corporate has focused. The complete variety of staff at Rivian has kind of doubled during the last 12 months because the automaker elevated manufacturing.
The automotive business has been hit laborious by provide chain points and the financial local weather, and it appears Rivian isn’t any exception. The firm nonetheless expects to regardless of manufacturing difficulties. Rivian ultimately goals to fabricate 600,000 autos per 12 months between its current plant in Normal, Illinois and a that is anticipated to open in 2024.
The firm has a backlog of tens of hundreds of EV orders. It should juggle these with the it’s going to construct for Amazon by the top of the last decade. As such, bolstering manufacturing whereas streamlining operations elsewhere appears a logical transfer.
The information follows noting that Rivian employed dozens of former Tesla staff in latest months, in line with LinkedIn knowledge. It was reported in late June that Tesla from its Autopilot group after CEO Elon Musk introduced plans to scale back the corporate’s salaried workforce by 10 %. Musk advised staff earlier that month he had a “super bad feeling” concerning the state of the financial system and for them to anticipate layoffs.
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