EV Startup Rivian Lays Off Hundreds of Workers

EV startup Rivian is laying off hundreds of workers, according to reports from the WSJ. The company is reducing its workforce as part of its current operational adjustments. This move affects several hundred employees across the organization. The news confirms that the electric vehicle manufacturer is implementing these cuts to streamline its internal structure. The layoffs mark a significant shift in the company's staffing levels as it navigates the competitive landscape of the automotive industry.