Stay in the Loop

We are thrilled to extend a warm welcome to you as a valuable member of our vibrant crypto community! Whether you're an experienced trader, a crypto enthusiast, or someone who's just getting started on their digital currency journey, we're excited to have you onboard.

Read & Get Inspired

We're delighted to have you here and embark on this exciting journey into the world of Wikibusiness. Whether you're a newcomer or a seasoned explorer in this realm, we're dedicated to making your experience extraordinary. Our website is your gateway to a treasure trove of knowledge, resources, and opportunities.

PrimeHomeDeco

At PrimeHomeDeco, we believe that your home should be a reflection of your style and personality. Our upcoming website is dedicated to bringing you a curated selection of exquisite home decor that will transform your living spaces into elegant sanctuaries. Whether you're looking to revamp your living room, add a touch of sophistication to your bedroom, or create a cozy and inviting ambiance in your dining area, we have just the right pieces for you.

Rivian announces its latest round of salaried worker layoffs


Rivian has announced an additional round of layoffs for some salaried roles, after the company let go of a number of workers earlier this year.

On Thursday, the electric vehicle (EV) maker said it would be getting rid of a “small number” of salary roles at the company, as reported by Central Illinois Proud. Rivian spokeswoman Kelli Felker told the publication about the news, though it was not disclosed how many positions the company planned to eliminate.

The layoffs will only apply to salaried roles and won’t affect any hourly workers, according to Felker.

“As we continue improving efficiency across the company, we are eliminating a small number of salaried positions,” Felker said. “In April we increased our manufacturing efficiency, enabling us to build the same number of vehicles as we did in 2023 on two shifts instead of three. The majority of employees affected are a result of that move.”

In April, Rivian announced that it would be laying off 1 percent of its workforce, after the EV maker laid off roughly 10 percent of its salaried workers in January. Following that round of layoffs, Rivian CEO RJ Scaringe said that the move would “maximize the amount of impact” the company can have, highlighting hopes to increase cost efficiency.

During its Q1 earnings call last month, Rivian reported losing $38,784 per vehicle sold, with a total EBITDA-adjusted loss of $798 million. The company also reiterated its production guidance of 57,000 vehicles, built at the company’s factory in Normal, Illinois.

Rivian recently launched its next-generation R1T pickup and R1S SUV, after the vehicles had been seen testing on public roads a handful of times in the past few months. The automaker also unveiled its next-generation platform, the R2, earlier this year, along with a surprise unveiling of an additional platform, the R3.

Wrapped Rivian R1T refresh participating in Colorado race

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Rivian announces its latest round of salaried worker layoffs










Source link

Related articles

*Revamped* Morpheus Method – May 2024 – Manifestation Program 2024

Product Name: *Revamped* Morpheus Method - May 2024 - Manifestation Program 2024 Click here to get *Revamped* Morpheus Method - May 2024 - Manifestation Program 2024 at discounted price while it's still available... All orders are...

Specops Bushcrafting

Product Name: Specops Bushcrafting Click here to get Specops Bushcrafting at discounted price while it's still available... All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors. Specops Bushcrafting...

NEW: Text Game Decoded – 100% COMMISSION FULL FUNNEL

Product Name: NEW: Text Game Decoded - 100% COMMISSION FULL FUNNEL Click here to get NEW: Text Game Decoded - 100% COMMISSION FULL FUNNEL at discounted price while it's still available... All orders are protected by...

Project Management Documents – Guaranteed High Converting Offer On CB

Product Name: Project Management Documents - Guaranteed High Converting Offer On CB Click here to get Project Management Documents - Guaranteed High Converting Offer On CB at discounted price while it's still available... All orders are...

Glock Mentality (2026): The New 50 Cent Remix Dominating Hip-Hop

50 Cent – “Glock Mentality” (2026) | Street Energy Meets Modern Remix Culture In 2026, the hip-hop remix scene continues to thrive online, and one track that has captured the attention of fans is “Glock...
[mwai_chat model="gpt-4"]