EV truck maker Rivian is laying off hundreds amid a slowdown in demand
NegativeTechnology
Rivian, the electric truck and SUV manufacturer based in Irvine, is set to lay off around 600 employees as part of a cost-cutting strategy amid a slowdown in demand. This move highlights the challenges facing the electric vehicle market, where companies are grappling with fluctuating consumer interest and economic pressures. The layoffs not only impact the workforce but also signal a significant shift in Rivian's operational strategy as it navigates these tough market conditions.
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