{"id":708372,"date":"2026-06-16T23:14:11","date_gmt":"2026-06-16T23:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/708372\/"},"modified":"2026-06-16T23:14:11","modified_gmt":"2026-06-16T23:14:11","slug":"rivian-lays-off-hundreds-in-service-division-as-it-restructures-teams","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/708372\/","title":{"rendered":"Rivian lays off hundreds in service division as it restructures teams"},"content":{"rendered":"\n<p>SlateStone Wealth chief market strategist Kenny Polcari discusses whether investors are too dependent on AI, Space X&#8217;s IPO and his outlook for the markets on &#8216;Varney &amp; Co.&#8217;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-electric\" target=\"_blank\" rel=\"noopener nofollow\">Elective vehicle-maker Rivian<\/a> is laying off hundreds of workers in its service and customer organization.<\/p>\n<p>A company spokesperson told FOX Business that the job cuts represent less than 2% of Rivian&#8217;s workforce, which totaled about 15,200 employees at the end of 2025. Workers affected by the layoffs may apply for other open roles at the company.<\/p>\n<p>&#8220;We recently restructured a handful of teams within Rivian as we work to profitably scale our business,&#8221; the spokesperson said.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/automaker-gears-up-self-driving-future-new-chip\" target=\"_blank\" rel=\"noopener nofollow\">AUTOMAKER GEARS UP FOR SELF-DRIVING FUTURE WITH NEW CHIP<\/a><\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/06\/rivian-r2-suv-01.jpg\" alt=\"A Rivian R2 undergoing inspection on the assembly line\"\/> <\/p>\n<p>Rivian began releasing R2 SUVs last week, which are a key part of its product roadmap. (Scott Olson\/Getty Images)<\/p>\n<p>The <a href=\"https:\/\/www.foxbusiness.com\/category\/jobs\" target=\"_blank\" rel=\"noopener nofollow\">job cuts<\/a> took effect on Tuesday and affected Rivian&#8217;s service and customer division, which is responsible for sales and marketing duties, as the company looks to restructure its teams to grow efficiently while rolling out a new model.<\/p>\n<p>The Wall Street Journal first reported the layoffs.<\/p>\n<p>Rivian recently conducted multiple rounds of layoffs in the last year while it prepared for the launch of the <a href=\"https:\/\/www.foxbusiness.com\/category\/auto\" target=\"_blank\" rel=\"noopener nofollow\">R2 SUV<\/a>, which factors heavily into the EV-maker&#8217;s roadmap for future products.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/rivian-ceo-discusses-tariffs-says-ev-maker-has-very-u-s-centric-supply-chain\" target=\"_blank\" rel=\"noopener nofollow\">RIVIAN CEO DISCUSSES TARIFFS, SAYS EV MAKER HAS &#8216;VERY US-CENTRIC SUPPLY CHAIN&#8217;<\/a><\/p>\n<p>Ticker Security Last Change Change % <a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=RIVN\" rel=\"nofollow noopener\" target=\"_blank\">RIVN<\/a> RIVIAN AUTOMOTIVE INC. 15.93 -0.75<br \/>\n        -4.50%<\/p>\n<p>It cut over 600 jobs, or 4.5% of its workforce, in October amid softer demand for its vehicles following the expiration of <a href=\"https:\/\/www.foxbusiness.com\/category\/taxes?page=2\" target=\"_blank\" rel=\"noopener nofollow\">EV tax credits<\/a> in October.<\/p>\n<p>The R2 officially debuted last week with a variant that had a larger number of optional add-ons for a starting price around $58,000 \u2013 while the automaker is planning to release more affordable versions in the future.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/rivian-to-lay-off-10-percent-of-staff\" target=\"_blank\" rel=\"noopener nofollow\">RIVIAN TO LAY OFF 10% OF SALARIED STAFF<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/06\/Rivian-facility-A.jpg\" alt=\"Rivian facility\"\/> <\/p>\n<p>Rivian also conducted layoffs last year following the expiration of EV tax credits. (Reuters\/Kevin Krolicki\/File Photo)<\/p>\n<p>The company is hoping that the lower-cost model will broaden demand and strengthen its sales outlook as it strives for profitability.<\/p>\n<p>Rivian has said that it no longer expects to meet its 2027 adjusted core profit target as it ramps up spending on research and development to accelerate its <a href=\"https:\/\/www.foxbusiness.com\/category\/tech\" target=\"_blank\" rel=\"noopener nofollow\">autonomous driving<\/a> roadmap.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener nofollow\">GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n<p>Reuters contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"SlateStone Wealth chief market strategist Kenny Polcari discusses whether investors are too dependent on AI, Space X&#8217;s IPO&hellip;\n","protected":false},"author":2,"featured_media":708373,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-708372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/708372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=708372"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/708372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/708373"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=708372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=708372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=708372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}