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.
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
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
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
The Rivian layoffs keep coming as the EV maker's cost-cutting continues
After slashing its workforce in February when it laid off more than 800 employees, electric vehicle maker Rivian is once again hoping to cut costs by laying off a further 100 workers at its factory in Normal... — 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?
Rivian to lay off 10% of workforce while Lucid struggles to find buyers
Competitor Rivian Automotive also announced its Q4 2023 results. While the company delivered 50,000 vehicles in 2023, it also reported a quarterly loss of $1.5 billion. Unfortunately, Rivian also announced it would lay off 10% of its salaried... — read more
2024 Layoff’s
Just predicting a 5%+ layoff soon to appease investors.
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
Amazon canels 100,000 Rivian EV van order
Amazon also announced an additional 9,000 layoffs. What does this mean for Rivian?
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.
Rivian, with layoffs looming, looks at lawsuit
https://www.wgauradio.com/news/local/rivian-with-layoffs-looming-looks-lawsuit/WHLX6IURD5HD3O7QKYV5KETMY4/
Any word on layoffs?
Still waiting for news. Anyone hear from what departments/ teams are most effected?
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
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
Should I work for Rivian?
What is it like at Rivian now? Is it a great employer?
how do people feel about hiring Tesla's sloppy seconds?
It feels a bit strange that there's this hiring spree of people who didn't make the cut at Tesla after the layoffs last year. The financial losses were awful, the market is terrible, and it's not like Tesla was getting out the Cybertruck with these... — read more
The fat lady is getting ready to sing
We will need to show expense discipline to the Street to stop the bleeding. Hang on tight!
Uh oh
Anyone getting the feeling that something big is about happen in Normal?
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
Has anyone had their RSAs recharged?
I’m still mostly not vested and it’s getting to the point that I can leave it and go but do they give you more?
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
More layoffs in December?
Anyone have any info? It’s been very quiet.
Here come the layoffs
https://www.wsj.com/articles/rivian-is-recalling-nearly-all-of-its-vehicles-11665188392
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?
Cr-p here we go again round 2 layoffs
Just heard from my manager more cuts happening end of month. Just got my list of names. Can't take this anymore
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
What if RIVIAN becomes another ELMS?
What about employees who resigned BIG 3 and joined the dream of another Tesla?
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
Why are the postings/boasting missing on LinkedIn?
“I am proud of my product”
When can we expect the next round?
When will we be screwed?