astjohn@insider.com (Alexa St. John,Tim Levin) / Insider: Tech
Rivian begins layoffs as its struggles create a $19 billion headache for Amazon and Ford – Layoffs at electric-vehicle startup Rivian have begun after the Wall Street darlings stock tumbled nearly 70% this year.The 2022 Rivian R1T.The 2022 Rivian R1T. Tim Levin/Insider Layoffs at Rivian started in late July as the electric vehicle startup races to cut costs amid a challenging economic climate and pressure to …
