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

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

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.

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 

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

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 

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 

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 

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 

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 

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 

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

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 

Just predicting a 5%+ layoff soon to appease investors.

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 also announced an additional 9,000 layoffs. What does this mean for Rivian?

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.

https://www.wgauradio.com/news/local/rivian-with-layoffs-looming-looks-lawsuit/WHLX6IURD5HD3O7QKYV5KETMY4/

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

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 

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 

What is it like at Rivian now? Is it a great employer?

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 

We will need to show expense discipline to the Street to stop the bleeding. Hang on tight!

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

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

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?

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 

Anyone have any info? It’s been very quiet.

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

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?

Just heard from my manager more cuts happening end of month. Just got my list of names. Can't take this anymore

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 about employees who resigned BIG 3 and joined the dream of another Tesla?

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 

“I am proud of my product”

When will we be screwed?