The post Rivian plans to lay off more than 600 workers appeared on BitcoinEthereumNews.com. A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year. A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set to be shared with employees Thursday. Rivian and other EV manufacturers are increasingly facing a more challenging market than they did in recent years amid changing regulations under the Trump administration, including the elimination of a $7,500 federal incentive for purchasing an EV. This is breaking news. Please refresh for additional details. Source: https://www.cnbc.com/2025/10/23/rivian-layoffs.htmlThe post Rivian plans to lay off more than 600 workers appeared on BitcoinEthereumNews.com. A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year. A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set to be shared with employees Thursday. Rivian and other EV manufacturers are increasingly facing a more challenging market than they did in recent years amid changing regulations under the Trump administration, including the elimination of a $7,500 federal incentive for purchasing an EV. This is breaking news. Please refresh for additional details. Source: https://www.cnbc.com/2025/10/23/rivian-layoffs.html