Rivian may cut 5% of job as struggles start in EV business

Rivian EV business

Electric vehicle (EV) maker Rivian Automotive is planning to cut hundreds of jobs, possibly around 5 percent of its total work force, Bloomberg News report said.

The Irvine, California-based EV manufacturer has over 14,000 employees globally. Rivian has operations in California, Michigan and Illinois, where its plant operates, as well as a presence in the UK and Canada.

The job cut, following a surge in staffing, will focus on non-manufacturing roles, including teams with duplicate functions.

Rivian said last week that it delivered over 4,400 vehicles in the second quarter, nearly four times more than the preceding quarter, putting it on track to reach its 25,000-unit production goal for 2022.

The EV maker is backed by investors including Amazon.com and Ford Motor. Rivian has a contract with Amazon to build 100,000 battery-electric delivery vans by the end of the decade.