Rivian lays off hundreds of employees just days after releasing the R2. | The Verge
Rivian has had layoffs in 2022, 2023, 2024, 2025, and now, within a week of launching the long-awaited R2 SUV, layoffs in 2026. The Wall Street Journal reports the cuts made Tuesday affected less than two percent of its employees, which the company confirmed, saying it “restructured a handful of teams,” as it attempts to turn a profit for the first time.
[Link: The Rivian R2 is too much fun to let drive itself | https://www.theverge.com/transportation/946398/rivian-r2-review-price-specs-ai-ev | The Verge]