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Rivian To LayOff 720 Employees Again

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Rivian, the buzzy EV automaker with one of the largest IPOs on the market in 2021, has cut 6 percent of its workforce for its second consecutive time within just a year.

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As per an internal memo addressed to employees on Tuesday by the company's founder and CEO, RJ Scaringe.

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Reuters is the initial news outlet to mention these cuts.

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TechCrunch has also looked at the leaked memo. 

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The Rivian spokesperson confirms the reductions.

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The notice was issued just six months after Rivian started its first layoffs.

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