Topics regarding layoffs at Rivian Automotive, Inc

Topics regarding layoffs at Rivian Automotive, Inc

Plymouth branch, layoffs?

I hear this place will be closing? Considering it bleeds cash and not really selling, how does the company stay in business?

2025 Layoffs

Once again predicting a 10% reduction in Q1 to satisfy investors

More pain to come

As of this morning: The company's loss widened last quarter, as the maker of electric pickups and SUVs continues to lose money on the vehicles it sold. The average per-vehicle loss was $32,705, roughly the same as a year earlier.

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Post ID: @OP+1tTW7JpJ

Excuse or reality?

Rivian CEO RJ Scaringe says the EV industry slowdown is due to an "extreme" lack of choice. Scaringe attributes it to a lack of variety in EV models under $50,000. He believes there's a demand for diverse EV designs to compete with Tesla's... — read more 

The head of HR recently left

Yes Helen the person responsible for the Tesla lawsuits and bungled reductions in force has moved on to internet marketing company Hubspot. Rivian currently has no HR leader

Rivian faces more layoffs

Another round of layoffs is happening at Rivian as part of the electric vehicle-maker’s efforts to cut costs. Rivian’s confirmation of the cutbacks comes as founder and CEO RJ Scaringe is cutting back on his holdings of company stock... — read more 

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Post ID: @OP+1t1Wyd7v

BK May Be Near (IMHO)

In 2023, the company incurred a loss of $5.4 billion. To put this into perspective, during the production ramp of the Model 3, Tesla was burning approximately $1 billion annually, causing significant concern over their burn rate at the time. In... — read more 

Well, we knew it, didn't we...

150 jobs cut. ** Irvine-based electric vehicle manufacturer Rivian is cutting jobs for the second time this year.** IRVINE, Calif. (KABC) -- Irvine based Rivian is slashing jobs for the second time this year. The electric vehicle company will... — read more 

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Post ID: @OP+1smcz540

Why so many open job listings

There’s 450 open job listed on Glassdoor on the day after they announced another 1% cut. Why can’t they close open requests and not backfill instead of cutting current employees? It was the same in February when they cut 10% there were 900 plus open... — read more 

Will there be anybody left?

Rivian just cut another one percent of its employees. In the grand scheme of things, this is one of the smaller rounds but when you put it all together, Rivian is shedding employees at an astounding rate. I feel so lucky I didn't accept an offer I... — read more 

Bankruptcy ??

Is this company going to go bankrupt or do you think someone will buy it? Who would be interested in buying this?

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| 535 views | | 2 replies (last February 29, 2024)
Post ID: @OP+1rgqbkWF

Rivian lays off around 20 battery cell development workers

Earlier this week, a report from The Information revealed that Rivian is laying off roughly 20 workers on its in-house battery cell development team at the Illinois factory. The in-house battery development unit, including head cell engineer Victor... — read more 

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Post ID: @OP+1q1S387u

March Layoff Rumor

Marketing - Not going to happen. IT - Not going to happen. What you do want to do is make yourself useful and needed. Now is not the time to be seen slacking.

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Post ID: @OP+1lxH9sOR

Any word on layoffs?

Still waiting for news. Anyone hear from what departments/ teams are most effected?

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Post ID: @OP+1l0fTI3O

You need to move on

I told everybody I knew they should start looking for a new job after the first layoff was announced. Most people ignored me. I left for a new job a few weeks later and since then I've been watching as more and more layoffs are announced. I wish more... — read more 

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| 1622 views | | 1 reply (April 26, 2023)
Post ID: @OP+1kZgy65h

More Layoffs anoher round

So the company cuts 6% yet they still are hiring and onboarding new employees? Entire teams cuts this week sending shocked people away as communications as recent as last week telling people the positive trends we are seeing. They are bleeding cash... — read more 

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Post ID: @OP+1kYJHL6a

Uh oh

Anyone getting the feeling that something big is about happen in Normal?

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Post ID: @OP+1kohqD2I

Ouch. Mercedes is gone

Thought the Mercedes deal was a good thing for the company. Guess they thought otherwise https://jalopnik.com/rivian-backs-away-from-van-partnership-with-mercedes-af-1849881555/amp

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| 1130 views | | 5 replies (last January 22, 2023)
Post ID: @OP+1k97i7As

A layoff would be a relief for me

I am totally drained. I worked long hours at previous companies too, but nowhere was I under as much stress as here. Rivian is literally squeezing employees. I am satisfied with pay but I think that coming here was a big mistake and I would be... — read more 

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| 1502 views | | 2 replies (last February 1, 2023)
Post ID: @OP+1ju6txXV

Here come the layoffs

https://www.wsj.com/articles/rivian-is-recalling-nearly-all-of-its-vehicles-11665188392

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| 1342 views | | 2 replies (last November 17, 2022)
Post ID: @OP+1j6o3maR

Who is at the greatest risk?

If it is true that there will be more cuts by the end of the month, does anyone have more details about who will be the main target groups?

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| 1061 views | | 1 reply (October 1, 2022)
Post ID: @OP+1iYAFuID

Team members mass resignations

6 people on my team gave their notice the las 2 weeks. No quiet quitting here employees are quitting loud and clear. Be careful those looking for work if Rivian reaches out. Not a good culture now

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| 1262 views | | 2 replies (last September 18, 2022)
Post ID: @OP+1ixNtw9W

Nobody should consider themselves to be safe

Rivian is in freefall. There'll be many more layoffs before things stabilize once again. Thinking that you are safe because two major layoff rounds just took place is naive. I wouldn't be surprised if there are at least two more similar rounds with a... — read more 

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