Rivian Layoffs: Electric Vehicle Reality Check

Rivian, the electric truck and SUV maker, is reportedly laying off over 600 employees amid rising costs and economic challenges. The move signals the intense pressure even popular EV companies face to maintain profitability and compete with industry giants like Tesla and Ford, causing unease within the company and across the tech and automotive sectors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.