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Rivian Cuts Hundreds of Jobs as It Rolls Out New EVs

The cuts affect less than 2% of Rivian’s workforce as the company seeks to reduce losses after launching deliveries of its R2 SUV.

  • On Tuesday, Rivian announced it is laying off less than 2% of its workforce, affecting around 300 employees, just one week after beginning deliveries of its new R2 SUV.
  • The company, which has never turned an annual profit, is under intense pressure to narrow losses while ramping the R2, a vehicle meant to transform Rivian into a mainstream automaker.
  • "We recently restructured a handful of teams within Rivian as we work to profitably scale our business," a spokesperson said, noting cuts primarily impact service and customer-facing segments.
  • To fund autonomous vehicle technology supporting a 50,000-unit Uber robotaxi deal, Rivian recently pushed back its 2027 profitability target, delaying a key investor milestone.
  • With more than $27 billion in accumulated losses, Rivian previously cut 4.5% of its workforce in October 2025 amid market challenges and expiry of federal tax credits.
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Seeking Alpha broke the news in United States on Tuesday, June 16, 2026.
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