Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Are Rivian's Job Cuts a Red Flag?

TheMotleyFool

0 0

Oftentimes, when a young company such as Rivian Automotive (NASDAQ: RIVN) slashes jobs, it's not a good thing. That makes it understandable for some investors to glance at headlines and assume Rivian is in worse shape than we all thought.

But let's slow down, bring in some of the numbers, and explain what's going on. Investors will feel much better in the end.

A couple of weeks ago, Rivian laid off around 140 employees, or about 1% of its total workforce, according to TechCrunch. "We have made the difficult decision to reduce a small number of our salaried manufacturing employees as part of an ongoing effort to improve operational efficiency for R2," a spokesperson wrote to TechCrunch.

Source Fool.com

Like: 0

RIVN

Share