Tesla rival Rivian plans to cut about 700 jobs, mostly in non-manufacturing roles: report
The move aims to cut down staffing in areas where it has grown too fast, the news outlet reported, citing people familiar with the matter. The job cuts, which could be announced in the next few weeks, will zoom in on non-manufacturing roles, per Bloomberg.
Like its peers in the auto industry, Rivian has been dealing with global supply chain disruptions and a shortage of parts. In a , the company wrote that it has been forced to stop production for longer periods than it had anticipated due to supplier constraints since March 31. That has resulted in about a quarter of planned production lost, the company wrote.
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