Electric Auto Crisis: Rivian begins to lay off 5% of employees
Electric vehicle manufacturer Rivian continues to feel the weight of competition in the electric vehicle market and the financial difficulties of an economic crisis that is increasingly looming around the corner.
This week it was reported that the company is planning to lay off some 700 employees over the next few months, with numbers that, according to the Detroit Free Press, are unclear regarding the locations and locations most affected by the layoffs.
On Monday it was reported that the company would reduce positions “in areas where it has grown too fast” – which, judging by the performance of the shares of nearly every electric vehicle manufacturer over the past year, has happened everywhere.
According to the report, the cuts could be officially announced in the coming weeks. To date, Rivian has approximately 14,000 employees, meaning the layoffs would represent a roughly 5% reduction in the company's workforce.
The Free Press noted that Rivian recently "doubled the number of its employees in Plymouth in 2021 to more than 600". It is unclear whether Michigan employees will be affected. The company also has offices in California and Illinois, as well as a plant in the UK and another in Vancouver.
The Rivian Michigan facility serves as a "vehicle development, prototyping and testing facility and administrative center," while the company has not commented on the news, but it hasn't denied it either.
In the US, there is more news of companies, even in the advanced sectors, which are starting to lay off employees or not to hire those they had planned to hire. Officially, the US job market is still pulling, but it could be just an appearance.
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The article Electric Car Crisis: Rivian begins to lay off 5% of employees comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/crisi-auto-elettrica-rivian-inizia-a-licenziare-il-5-dei-dipendenti/ on Thu, 14 Jul 2022 06:00:23 +0000.