Rivian Plans on Cutting Hundreds of Jobs

Rivian is planning to cut around 5% of its workforce, focusing on non-manufacturing roles due to rapid growth and duplicate positions. Despite these cuts, manufacturing roles remain secure as the company continues to ramp up production, overcoming supply chain challenges. The announcement has put some pressure on Rivian's stock.

What is the main reason behind Rivian's decision to cut jobs?

• To focus on semiconductor production

• To increase their global headcount

• To address overexpansion in non-manufacturing roles

• To reduce manufacturing costs

Which roles are primarily affected by Rivian's job cuts?

• Sales roles

• Executive roles

• Non-manufacturing roles

• Manufacturing roles

What challenge is Rivian facing despite ramping up production?

• Lack of skilled labor

• Shortage of basic semiconductors

• Decreasing demand for EVs

• High transportation costs

How has Rivian's production changed from the first to the second quarter?

• It tripled

• It almost doubled

• It decreased slightly

• It remained the same

Why are Rivian's manufacturing roles protected despite job cuts?

• Because of ongoing supply chain challenges

• Due to a decrease in production

• To reduce costs

• To maintain production targets