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United StatesEconomy5 days ago

Rivian cuts hundreds of workers after R2 deliveries start

Rivian has announced layoffs affecting less than 2% of its workforce, citing the need to improve efficiency as it works toward profitability. This marks the fourth round of layoffs since early 2024. The company delayed its target for turning a profit due to high costs associated with developing autonomous vehicle technology. Rivian also disclosed that Uber plans to invest up to $1.25 billion and purchase up to 50,000 R2 SUVs for use as robotaxis.

In Brief

Posted:

10:48 AM PDT · June 16, 2026

Image Credits: Rivian

Rivian is laying off hundreds of workers just one week after it began deliveries of its hotly-anticipated R2 SUV, the company has confirmed to TechCrunch.

The company said the layoffs will affect less than 2% of its overall workforce, and that it was done to boost efficiency. It’s at least the fourth round of cuts Rivian has made since the beginning of 2024. The Wall Street Journal first reported the new round of cuts on Tuesday.

“We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the company said in a statement. Rivian said the cuts impact its service and customer teams, which include sales and marketing.

Rivian had been looking to turn its first profit in 2027 after accumulating losses of around $30 billion to date. But Rivian pushed that goal back in March because of how much money it’s spending on developing autonomous vehicle technology.

The profitability delay was revealed to investors alongside news that Uber plans to invest up to $1.25 billion in Rivian and purchasing as many as 50,000 R2 SUVs to be used as robotaxis. Rivian has yet to demonstrate that it can develop such capabilities, though, as it currently only offers a hands-off, eyes-on-the-road feature.

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Source document: Rivian Statement

1 reports

TechCrunchParty-alignedCenter5 days ago
Rivian cuts hundreds of workers after R2 deliveries start

Rivian has announced layoffs affecting less than 2% of its workforce, citing the need to improve efficiency as it works toward profitability. This marks the fourth round of layoffs since early 2024. The company delayed its target for turning a profit due to high costs associated with developing autonomous vehicle technology. Rivian also disclosed that Uber plans to invest up to $1.25 billion and purchase up to 50,000 R2 SUVs for use as robotaxis.

Bias read (Center): The article presents factual information without overtly biased language or selective sourcing. It reports on corporate decisions and financial challenges without taking a stance on the implications or outcomes.

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  • organisation Rivian Statement
  • organisation The Wall Street Journal Report

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  • organisationRivian Statement
  • organisationThe Wall Street Journal Report