Rivian, the Amazon-supported producer of electric pickups, SUVs and conveyance vans, is laying off around 6% of its labor force as the organization changes as the “world has dramatically changed,” as indicated by an email sent by CEO RJ Scaringe to Rivian’s about 14,000 workers.
Around 840 of those representatives were let Wednesday know that they will leave the organization.
Scaringe highlighted expansion, increasing financing costs and expanded product costs as variables that drove the startup automaker to manage its labor force.
Rivian as of late begun production of its three initial products, the R1T pickup, the R1S luxury SUV and an electric delivery van for which Amazon, a significant Rivian financial backer, is the primary customer.
The R1T pickup and R1S SUV have been generally received by pundits, with the truck getting MotorTrend’s Truck of the Year award. The organization has confronted a few battles with inclining up its assembling with Scaringe highlighting supply chain issues and the tight work market, specifically, as difficulties.
Rivian’s electric vehicles are as of now manufactured in a previous Mitsubishi production line in Normal, Illinois, however the automaker is now planning a second factory close to Atlanta. The Georgia processing plant is supposed to utilize upwards of 7,500 laborers in the long run.
“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.” Scaringe wrote in an email to employees announcing the layoffs.
The Irvine, California-based organization offered leaving representatives 14 weeks of customary compensation too of proceeding with healthcare coverage through the year’s end.