Staff or Guest writer for The Dog of Wall Street.

2022-07-11 20:01

Bloomberg has reported that thousands of layoffs might be revealed in the coming weeks. Targets of the layoffs will include teams with duplicate tasks and non-manufacturing employees in general. The company, which has around 14,000 employees, may aim for a 5% cut.
Over the past year, Rivian has hired hundreds of additional workers as it started producing its own electric trucks and SUVs.

During the second quarter, Rivian delivered nearly four times as many vehicles as the previous quarter, keeping it on target to meet its 25,000-unit manufacturing goal for 2022.