Rivian lays off 4 percent of its workforce.

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Rivian lays off 4 percent of its workforce.
More than 600 people are scheduled to lose their jobs, the Wall Street Journal report. The move comes a few weeks after the expiration of the $7,500 federal EV tax credit, which is widely expected to lead to a slowdown in EV sales. And it comes a day after Rivian’s spinoff Also revealed its first slate of new micromobility products. Rivian is also bracing itself for the lose of revenue from the sale of regulatory credits to other automakers, which was eliminated by Trump’s budget bill.
Rivian to Lay Off More Than 600 Workers Amid EV Pullback
[ Wall Street Journal ]
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