Strategy And Planning

Rivian trims workforce by about 2% amid profitability push

June 17, 2026
www.ETHRWorld.com
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  • Published On Jun 17, 2026 at 10:31 AM IST

< />Electric-vehicle maker Rivian said on Tuesday it is laying off less than 2% of its workforce as part of ongoing efforts to scale its operations profitably.<br><br><!– PROMOSLOT_M –> The company, which employed 15,232 people ‌as of ⁠December last ⁠year, has said it no longer expected to meet its 2027 adjusted core profit target as it ramps up spending on research and development to accelerate its autonomous driving roadmap.<br><br><div class=” article-detail-ad-slot=”” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/131786950.cms” height=”442″ loading=”eager” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” width=”590″></img></p> </div> <p> The layoffs come after Rivian began production of its smaller R2 SUVs ⁠in April, ‌with deliveries underway, as the company bets on a lower-cost model to broaden demand ⁠and strengthen its path to profitability.</p> <p> “We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” a company spokesperson told Reuters via email.</p> <p> The company said the cuts hit Rivian’s service and customer organization, including sales and marketing teams. Those affected ‌may apply for other open roles at Rivian.</p> <p> The Wall Street Journal, which had reported the job cuts earlier, ⁠said that the changes would be effective Tuesday.</p> <p> Rivian cut more than 600 jobs, or 4.5% of its workforce, in October as it grappled with softer demand after the expiry of key U.S. tax credits in September.</p> <p> (Reporting by Juby Babu in Mexico City and Anzar Mehraj in Bengaluru; Editing by Vijay Kishore and Diti Pujara) </p> <div> <div> <ul> <li><a href=Reuters

  • Published On Jun 17, 2026 at 10:31 AM IST

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