Rivian (RIVN) Cuts Hundreds of Jobs, Less Than 2% of Workforce

Rivian Automotive Inc. (RIVN) announced June 17, 2026, it is cutting hundreds of jobs, representing less than 2% of its total workforce. The electric vehicle manufacturer stated the reductions primarily affect non-manufacturing roles, aiming to optimize costs and streamline operations for long-term growth. This marks Rivian's second significant workforce reduction, following a 6% cut in 2022. The company is focusing on efficiency as it prepares for the launch of its more affordable R2 platform, expected to debut in 2026, and navigates a competitive EV market.