Overview
- An internal memo from CEO RJ Scaringe confirms layoffs topping 600 roles, equal to roughly 4–4.5% of Rivian’s workforce.
- Customer-facing functions are being consolidated: Vehicle Operations moves into Service, Delivery and Mobile Operations shift into Sales, and marketing merges into a single organization with Scaringe serving as interim CMO.
- Rivian says manufacturing roles are not included in this round of job cuts.
- The company points to cost discipline and policy headwinds, including the expired $7,500 federal EV tax credit and delayed regulatory‑credit revenue of about $100 million.
- Rivian narrowed its 2025 delivery outlook to 41,500–43,500 vehicles after a 32% year‑over‑year rise in Q3 deliveries, reported a roughly $1.1 billion Q2 loss, and will report results Nov. 4 as it readies the ~$45,000 R2 for first‑half 2026.