Price war in electric vehicle space, EV maker Rivian to cut 6% of jobs
Edited By WION Video Desk
Published: Feb 01, 2023, 20:04 IST | Updated: Feb 01, 2023, 20:04 IST
As the electric vehicle manufacturer braces for an industry-wide pricing war, Rivian Automotive is laying off 6% of its workers in an effort to reduce expenses. The company is already dealing with declining cash reserves and a sluggish economy. According to Chief Executive R.J., the company is concentrating resources on increasing car manufacturing and achieving profitability.
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