Rivian (NASDAQ:RIVN) announced it will cut 6% of its workforce, involving about 800 people

On Wednesday, Rivian (NASDAQ:RIVN) announced a 6% layoff to all employees except “manufacturing jobs in Nomol,” and its CEO said “to achieve long-term goals, resources must be focused on improving and achieving profitability, while ensuring the right future products, services and technologies,” according to a memo. This is the second layoff last year by the electric car maker, involving about 800 employees. Before the latest layoffs, the company had about 14,000 employees worldwide. Following a wave of layoffs at tech companies last July, Rivian did a similar number of layoffs at the time.

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