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Rivian decimates staff to put a brake on spending

Thursday February 22, 2024. 09:14 PM , from TheRegister
With only enough cash on hand to keep the lights on until 2025, loss-making automaker may soon be next casualty of the EV revolution
Amid continuing losses, Rivian is laying off 10 percent of its salaried employees and a limited number of hourly folks in an attempt to reduce its expenses. …
Read more at TheRegister
https://go.theregister.com/feed/www.theregister.com/2024/02/22/rivian_announces_10_layoffs_as/

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