Rivian Automotive Inc. RIVN, +1.60%  plans to initiate another round of layoffs, the latest in the electric-vehicle startup's efforts to preserve cash as it confronts challenges scaling its busines
Rivian (NASDAQ: RIVN ) stock closed higher by 1.5% after the electric vehicle (EV) company informed employees that it would lay off about 6% of its workforce. Rivian employs about 14,000 employees, so
Shares of Rivian (NASDAQ: RIVN ) were down more than 6% at one point on Wednesday. However, RIVN stock has erased all of those losses and then some going into afternoon trading.
Electric vehicle maker Rivian Automotive announced that it will lay off about 6% of its workforce amid a push to cut costs and reach profitability in a competitive EV market.
Twenty-nine U.S. companies have conducted major rounds of job cuts so far this month, as recession fears continue in 2023.

Rivian to cut another 6% of its workforce

12:43pm, Wednesday, 01'st Feb 2023
Rivian, the buzzy EV automaker that had one of the biggest IPOs in 2021, is cutting 6% of its workforce, according to an internal memo sent to employees today by founder and CEO RJ Scaringe. Reuters w

Why Rivian, Lucid, and Canoo Stocks Keep Dropping

12:37pm, Wednesday, 01'st Feb 2023
Why do investors think good news is bad news for EV stocks -- and are they right?
The CEO of EV maker Rivian told employees that the company will make the layoffs as the company refocuses to conserve cash.
Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry-wide price war.

Rivian Automotive Is On A Slippery Road

07:55pm, Tuesday, 31'st Jan 2023
I must again disagree with the bulls' opinion and leave my Sell rating unchanged. RIVN experiences declining demand and increased competition in its market, and it may use up its cash quicker than exp

Why Electric-Vehicle Stocks Jumped Today

02:53pm, Tuesday, 31'st Jan 2023
Will lower rates really help EV companies?

Why Rivian Stock Plunged Today

03:02pm, Monday, 30'th Jan 2023
Competition is intensifying in the EV arena.

EV Stocks Face-Off: TSLA vs. RIVN vs. ARVL

02:37pm, Monday, 30'th Jan 2023
The three EV stocks: Tesla (NASDAQ: TSLA ), Rivian (NASDAQ: RIVN ), and Arrival (NASDAQ: ARVL ), all have developed electric vehicles that end users have found highly appealing, and all three are

Best Stock to Buy: Ford Stock vs. Rivian Stock

11:34am, Sunday, 29'th Jan 2023
Pitting a legacy carmaker against an up-and-coming EV company.
A buyout rumor charges the companies' shares on the last trading day of the week.
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