Rivian to lay off more than 600 workers amid EV pullback, WSJ reports - Evening Mag

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Rivian to lay off more than 600 workers amid EV pullback, WSJ reports

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Rivian to lay off more than 600 workers amid EV pullback, WSJ reports ReutersOctober 23, 2025 at 9:23 PM 0 FILE PHOTO: Workers assemble secondgeneration R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.

- - Rivian to lay off more than 600 workers amid EV pullback, WSJ reports

ReutersOctober 23, 2025 at 9:23 PM

0

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. REUTERS/Joel Angel Juarez/File Photo

(Reuters) -Rivian Automotive is set to lay off more than 600 people, or around 4% of its workforce, as the electric-vehicle maker looks to reduce costs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The company had carried out a smaller round of layoffs, affecting 1.5% of staff, a month ago, the report said.

Rivian, which plans to launch its lower-cost R2 sport-utility vehicle next year, did not immediately respond to a Reuters request for comment.

The company has struggled to achieve consistent profitability amid high production costs, a slowing EV market and intense competition from Tesla, Ford, and a growing slate of Chinese rivals.

It has focused on improving manufacturing efficiency at its Normal, Illinois plant, while preparing for its next-generation R2 models, which are expected to broaden its reach beyond the luxury segment.

(Reporting by Zaheer Kachwala and Kritika Lamba in Bengaluru; Editing by Shilpi Majumdar)

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