Amazon-backed Rivian Embraces Layoffs
Posted on 02/23/2024
Rivian is setting production for 2024 at 57,000 units. This is 23,000 fewer than expected. Rivian will also be laying off 10% of its staff. Amazon owns a 16.5% stake in Rivian. Amazon laid off 27,000 workers in 2023. It is currently reorganizing its pharmacy unit. Rivian stock is down 92% from its all time…
