Rivian cuts 1% of workforce in second job cut this year [Reuters]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Reuters
SAN FRANCISCO, April 17 (Reuters) - Electric vehicle maker Rivian (RIVN.O) New Tab , opens new tab said on Wednesday it cut about 1% of its workforce - the second round of job cut this year - as it races to reduce cost amid a broader slowdown in EV demand. "This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year," the maker of R1S SUVs and R1T pickup trucks said in an email to Reuters. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. Reporting by Abhirup Roy in San Francisco and Akash Sriram in Bengaluru, Editing by Franklin Paul Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab
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RIVN
News
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- Rivian Shows Silver Linings Before Earnings [Seeking Alpha]Seeking Alpha
- Rivian Automotive, Inc. Class Action: Levi & Korsinsky Reminds Rivian Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 18, 2024 - RIVNAccesswire
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- RIVN's page on the SEC website