Rivian CEO Confirms Job Cuts In Letter To Employees | Carscoops carscoops
, and we need to make sure we can grow sustainably,” wrote Scaringe. “Every decision about our team is being assessed through the lens of our strategic priorities, not as a mechanism to simply reduce costs.”
The letter did not address how many people would be cut, but reports from earlier this week suggested that the company may be looking to target an overall reduction of five percent. AsRivian has offices in California, Michigan, and Illinois, as well as in the U.K. and Canada. In order to support its production ramp-up, the company roughly doubled its headcount last year.
That will be important since ramping up production is the biggest challenge the automaker faces, at least publicly. Production setbacks and higher-than-expected costs have conspired
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