Electric car maker Rivian announced Wednesday that it was laying off 10 percent of its salaried workforce to cut costs after facing a quarterly loss. The company backed by Amazon reported that it lost $1.5 billion in the fourth quarter of 2023 and said it plans to build 57,000 electric vehicles in 2024, the same … Read more
The tech industry has been reeling from the combination of a rough economy, the COVID-19 pandemic and some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions unfortunately ramped up in 2023 and so far, seem to be accelerating in 2024. It can be tough to keep track of … Read more
Rivian will unveil the R2 on March 7. confirmed Monday in a post on X (Twitter) that customers should “prepare to meet R2 on March 7.” Rivian CEO RJ Scaringe previously said the next-generation platform would be smaller and cheaper than the R1 range. The automaker hasn't yet said where the event will take place, … Read more