Rivian's Ongoing Struggles: Layoffs, Stock Downgrades, and Tough EV Market

TL;DR Summary
A former Rivian employee, who survived three earlier layoffs, shares their experience of being laid off from the company. Despite initially being enthralled by the startup's mission and culture, the constant layoffs led to frustration and anxiety, making major life decisions difficult. The employee describes the anxiety and anticipation leading up to the layoff announcement, and the subsequent relief of no longer working for a company where job security was a recurring concern. They also reflect on the company's aggressive cost-cutting measures and their plans to seek new job opportunities, potentially at another startup.
- I was laid off from Rivian after surviving 3 earlier layoffs Business Insider
- Losing billions a year, California car company lays off hundreds SFGATE
- Rivian Stock Gets a Rare Double Downgrade. EV Demand Is a Problem. Barron's
- Rivian Shares Hit New Low After Disappointing Earnings The Wall Street Journal
- Rivian, Lucid quarterly reports illustrate the tough EV market Automotive News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
4 min
vs 5 min read
Condensed
88%
814 → 94 words
Want the full story? Read the original article
Read on Business Insider