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Rivian, an electric vehicle maker, has initiated a new round of layoffs, cutting about 1% of its workforce. This marks the second job cut this year as the company aims to reduce costs amidst a slowdown in the EV industry. The layoffs follow previous reductions and are part of Rivian's strategy to achieve profitability.
Jeff Bezos-backed carmaker Rivian plans second round of layoffs this year - days after Elon Musk cut 14,000 Tesla employees https://t.co/XCLvFdq1Cy https://t.co/ymvwwic1gg
Electric Vehicle Maker Launches Another Round Of Layoffs As Demand Slows https://t.co/U94grZIz2e
Electric vehicle manufacturer $RIVN Rivian has announced a third round of layoffs in 12 months, cutting about 1% of its workforce. $TSLA $LCID This follows a 10% reduction in February. The layoffs are part of Rivian's strategy to reduce costs amid a broader slowdown in EV…
