Tesla-rival Rivian to cut over 600 jobs; CEO RJ Scaringe sends internal memo explaining ‘structural adjustments’

Electric vehicle maker Rivian is cutting 4.5% of its workforce, impacting over 600 employees. CEO RJ Scaringe cited the upcoming R2 launch and the need for profitable scaling as reasons for these structural adjustments. The company is streamlining customer journey functions and consolidating marketing efforts to improve efficiency and build a healthy business.