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EV automaker Rivian laying off 4.5% of workforce

EV truck maker Rivian is laying off hundreds amid a slowdown in demand

Rivian, the Irvine-based manufacturer of electric trucks and SUVs, is preparing to lay off roughly 600 employees in an effort to lower costs.

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Rivian Lays Off More Than 600 Workers Amid EV Pullback

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EV automaker Rivian laying off 4.5% of workforce ahead of R2 launch in Normal

Rivian is settling $250 million lawsuit

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Rivian is settling $250 million lawsuit to focus on next year’s R2 EV

Rivian continues to deny that it made untrue statements in its IPO about the R1S and R1T pricing and said in a statement that while it is settling the case for $250 million, that “is not an admission...

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Rivian agrees to settle shareholder lawsuit for $250 million

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Rivian agrees to pay $250 million to settle IPO fraud lawsuit

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Rivian Reaches $250 Million Settlement in Shareholder Suit Over IPO Pricing Claims

Rivian has agreed to pay $250 million to settle a 2022 shareholder class-action lawsuit that claimed the electric vehicle maker misled investors about its vehicle prices during its 2021 initial public...

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Rivian reaches $250M settlement to resolve investor lawsuit over price hikes

EconoTimes · 1d

Rivian to Pay $250 Million to Settle Shareholder Lawsuit Over EV Pricing

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Rivian CEO says the company tore down a highly popular Chinese EV. Here's what he thought.

Rivian CEO RJ Scaringe told BI that the company tore down China's highly popular Xiaomi SU7 and found that it was a "really well executed car."

Axios on MSN

Rivian cutting jobs after EV tax credit expires

Electric vehicle maker Rivian is reportedly cutting about 4% of its workforce as the auto industry faces middling demand for EVs.

Rivian’s Newest EV Is a Modular Bicycle With a Whopping 100-Mile Range

Rivian spinoff Also has unveiled a new electric bike called TM-B. The two-wheeler has a virtual drivetrain and a range of up to 100 miles.

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Rivian’s spinoff micromobility company just unveiled its first electric bike

Rivian is known for designing its electric trucks from scratch. Now a spinout company has done the same thing for an electric bike.

Blockonomi

Rivian (RIVN) Stock: Company Cuts Jobs and Settles $250 Million Lawsuit as EV Market Weakens

Rivian cut 4.5% of its workforce and settled a $250 million securities lawsuit as EV sales fall short of projections.

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Rivian plans to lay off more than 600 workers. Read the memo from CEO RJ Scaringe.

Rivian announced Thursday that it would layoff 4.5% of the workforce ahead of the R2 launch, according to an internal memo viewed by Business Insider.