Rivian Automotive lays off 6% of workforce – Reuters (NASDAQ:RIVN)

Electric vehicle company Rivian is setting up an IPO

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Rivian Automotive (NASDAQ: RIVN) is reducing the number of employees by 6%, according to Reuters.

An internal memo seen by the outlet shows that cost-cutting and a focus on achieving profitability were the motivating factors behind the job cuts. In the middle

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