Rivian Cuts About 600 Jobs Amid EV Credit Expiry

Rivian is cutting roughly 600 jobs — about 4% of its roughly 15,000-employee workforce — in another round of layoffs this year, following reductions in June and September. The company says the cuts are a cost-saving move as it prepares to launch a lower-priced R2 SUV and ramp production at its Normal, Illinois plant and a new Georgia factory. Rivian narrowed its 2025 delivery outlook despite reporting a 32% jump in third-quarter deliveries to 13,201 units. The company and the wider EV industry have been pressured by the expiration of the $7,500 federal tax credit and shifts in compliance-credit rules, which have hurt revenue. Rivian has reported large quarterly losses but says it has cash to support the R2 launch, and reports say the latest cuts will focus on commercial, service and sales roles.