Rivian Plans on Cutting Hundreds of Jobs

Rivian is planning to cut around 5% of its workforce, focusing on non-manufacturing roles due to rapid growth and duplicate positions. Despite these cuts, manufacturing roles remain secure as the company continues to ramp up production, overcoming supply chain challenges. The announcement has put some pressure on Rivian's stock.

What recent decision has Rivian made regarding its workforce?

How much is Rivian planning to reduce its headcount?

What type of roles are being affected by Rivian's job cuts?

What factors contributed to Rivian's decision to cut jobs?

How has Rivian's production changed in the recent quarters?