Rivian, a manufacturer of electric trucks, is eliminating six percent of its workers.
Rivian, an Amazon-backed producer of electric trucks, SUVs, and delivery vans, is laying off around 6% of its personnel as the firm adjusts to a “dramatically transformed” reality.
About 840 staff were instructed to leave Wednesday. Scaringe cited inflation, rising interest rates, and commodity costs as reasons for the layoffs.
“Rivian manufactures the van, truck, and SUV for Amazon.”
Rivian just begun producing its three initial vehicles, the R1T truck, the R1S luxury SUV, and an electric delivery van for Amazon, a big Rivian investor.
The R1T pickup and R1S SUV have won MotorTrend’s Truck of the Year award. Scaringe cites supply chain concerns and the constrained labor market as hurdles in ramping up manufacturing.
Electric automobiles are now being produced by Rivian in Normal, Illinois, at a plant that formerly belonged to Mitsubishi.
The automaker intends to establish a second facility in the Atlanta area. There is a possibility that the Georgia facility may recruit 7,500 workers.