Despite doubling its EV deliveries in 2023, Rivian reported a $5.4 billion loss for the year.
In an email to Business Insider, Rivian did not specify exactly how many salaried staff members would be cut, but said that it has 16,700 total employees, including both salaried and hourly workers.
Here's the full email that Rivian CEO RJ Scaringe sent out to staff on Wednesday, announcing that layoffs would be coming on Thursday.
Tomorrow, we're reducing our salaried employees by approximately 10% along with a limited number of non-manufacturing hourly employees.
Also, anyone impacted tomorrow will still be eligible for our FY'23 bonus.
Persons:
Rivian, Claire McDonough, Jacob Bourne, Bourne, Tesla, Scaringe, RJ Scaringe
Organizations:
Bloomberg, Business, Intelligence, Ford, General Motors, Dealers