The new, electric vehicle startup Rivian may be cutting hundreds of jobs.
It is the same company planning to build a large plant east of Atlanta.
Bloomberg News reports that Rivian plans to cut about %5 of its workforce — that’s around 700 jobs.
The company had ramped up hiring in recent months.
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The cuts are reportedly not coming from the electric vehicle production side of the company.
“The layoffs are still in the planning stage and nothing has been decided. Rivian has operations in California, Michigan and Illinois, where its plant operates, as well as a presence in the UK and Canada,” Bloomberg reported.
Rivian is expected to start making its first electric crossovers in Georgia in 2025.
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