Rivian confirms 6% workforce layoffs

Published: Jul. 27, 2022 at 5:09 PM CDT
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PEORIA (WEEK) - In a statement, a spokesperson from electric vehicle company Rivian, announced the company will reduce its workforce by nearly 6%.

The spokesperson said that the decision would, “align our workforce to our key business priorities, including ramping up the consumer and commercial vehicle programs, accelerating the development of R2 and other future models, deploying our go-to-market programs and optimizing spend across the business.”

They offered a severance to employees that include;

- 14 weeks of paid severance

- health care and fertility benefits through end of year

- the fulfillment of their next scheduled quarterly equity vesting

- job placement assistance

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