Rivian to lay off 6% of its workforce as EV price war concerns grow

Read Time:6 Second

The CEO of EV maker Rivian told employees that the company will make the layoffs as the company refocuses to conserve cash.

About Post Author

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

A deal-hunting mindset, volatile weather and election distraction could influence holiday spending this year.

Kamala Harris and Donald Trump are both pledging to make health care more affordable in the U.S., but have largely...

Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in...

In his first week on the job, CEO Brian Niccol said improving the company's branding was one of his four...

The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand.

The company is focusing on selling its E2 and regional jets and addressing supply chain issues, the CEO said.