LISTEN: Rivian Reportedly Laying Off 600 Workers

Electric vehicle maker Rivian plans to lay off approximately 4% of its workforce, according to the Wall Street Journal. The report stated that the development would impact over 600 employees. However, the company has not provided further details.The news comes after a WSJ report in September that Rivian would cut about 1.5% of its workforce. A company spokesperson said that the previous layoffs impacted the commercial team as the automaker worked to “improve operational efficiency” for its upcoming R2 model, planned for launch in 2026.