The Clap Electric vehicle startup Rivian is set to cut around 5% of its total workforce.
Why? Well, what goes up must come down. Rivian went on an aggressive hiring spree last year, & is now forced to cut jobs.
The Deets As of the company’s latest annual report, Rivian employed over 10,000 people. Therefore a 5% cut would translate into hundreds of lost jobs. These job cuts will focus on non-manufacturing roles & teams with duplicate functions.