Rivian begins layoffs amid $19 billion headache for Amazon and Ford - Business Insider

Layoffs at electric-vehicle startup Rivian have begun after the Wall Street darling's stock tumbled nearly 70% this year.

Layoffs at Rivian started in late July as the electric vehicle startup races to cut costs amid a challenging economic climate and pressure to increase production. Dozens of workers who say they are … [+2877 chars]

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