The company delivered more than 480,000 EVs globally, seemingly thanks to geographic expansion and cheaper versions of the Model 3, Model Y, and Cybertruck.
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy.
The company has finally set a date for the first customer deliveries of what CEO RJ Scaringe has said is "maybe the most important thing weβve launched to date."
Investors can't seem to get enough of RJ Scaringe or his ideas. Storytelling and communication are one of his superpowers, according to Jiten Behl, who joined Rivian when the company had just a handful of employees.