Rivian Automotive, Inc. (RIVN) designs, develops, manufactures, and sells electric vehicles and accessories. It provides a Rivian Commercial Vehicle platform for electric Delivery Van in collaboration with Amazon.com, Inc. (AMZN).
On July 28, 2022, RIVN declared its plans to lay off about 6% of its workforce. CEO RJ Scaringe states, “We are financially well positioned, and our mission is more important than ever, but to fully realize our potential, our strategy must support our sustainable growth as we ramp towards profitability.”
