Rivian Automotive Inc., considered the darling of the electric vehicle market, informed state officials that he provides for more layoffs in California.
In a letter of April 24 in the State Employment Development Department, the Vice-President of the Company of the Company, Scott Griffin, said that Rivian had planned to fire more than 120 employees, including 89 in Irvine and 28 in Palo Alto.
Job losses will start in June, wrote Griffin and should be permanent.
In February, the company announced that it reduced 10% of its workforce, which made the title of the dizzying peaks drop Made after its first public offer in 2021.
At that time, the company was estimated at nearly $ 88 billion. On Monday, it was estimated at around $ 11 billion. Reuters recently reported On December 31, the company had around 16,790 employees in North America and Europe.
“We continue to work on the right size of the company and to ensure alignment with our priorities,” said a spokesperson for Rivian in a press release. “As a follow -up of some of the changes that we made to the teams in February, in April, we shared additional changes to groups supporting the company. About 1% of our workforce was affected by this change. It was a difficult decision, but necessary to support our objective of being positive on the gross margins by the end of the year. ”
The last in Rivian is part of a larger calculation for electric vehicle companies, which have faced a drop in demand in recent months, because most richer buyers already have an EV, and the wider consumption market remains suspicious.
