Rivian, Arrival, and Tesla announce business restructuring, layoffs
Inflation and global supply chain constraints continue to take their toll on EV automakers, especially those based in the United States. Young automakers like Rivian and Arrival have announced plans to restructure their businesses, hinting at potential layoffs. Meanwhile, EV veteran Tesla has laid off hundreds of employees the past month and continues to do so.
Rivian to address potential layoffs with employees on Friday
Last we heard, Rivian was reporting an optimistic uptick in EV production for last quarter,…