Just a week later, Rivian is laying off hundreds of employees started delivery The company has confirmed its much-awaited R2 SUV to TechCrunch.
The company said the layoffs would affect less than 2% of its total workforce and were done to increase efficiency. It is at least the fourth round of cuts made by Rivian since the beginning of 2024. wall street journal first reported New round of cuts on Tuesday.
“We have recently restructured certain teams within Rivian as we work to profitably grow our business,” the company said in a statement. Rivian said the cuts impact its service and customer teams, including sales and marketing.
Rivian was looking to make its first profit in 2027 after losing nearly $30 billion so far. but rivian That goal was pushed back in March Because of how much money it is spending on developing autonomous vehicle technology.
The delay in profitability was revealed to investors with the news that Uber planned to invest up to $1.25 billion in Rivian and buy 50,000 R2 SUVs to use as robotaxis. However, Rivian has not yet demonstrated that it can develop such capabilities, as it currently only offers hands-on view of the road.
