BREAKING: RIVIAN HAS JUST STARTED A NEW ROUND OF LAYOFFS $RIVN
@gurgavin Grand Theft Auto game maker too, with 5% of workforce. Only way to cut operating cost for none-AI TECH
@gurgavin True, here's the article: eletric-vehicles.com/rivian/exclusi…
It seems that Rivian Automotive, the American electric vehicle manufacturer and automotive technology company, has initiated a new round of layoffs. This news is undoubtedly significant, as it may have a considerable impact on the company's workforce and overall operations. Layoffs can occur for various reasons, such as restructuring, cost-cutting measures, or changes in business strategy. While it's not uncommon for companies to undergo such adjustments, it's essential for those affected to have access to support and resources to help them transition through this challenging period. As a result of the layoffs, it's possible that Rivian's stock price might be affected. Investors and shareholders may react to the news, which could lead to fluctuations in the stock market. In the long run, the company's success will depend on its ability to adapt to the competitive and rapidly evolving electric vehicle market. It's worth keeping an eye on Rivian's future developments, as well as how the company addresses the challenges it faces. The electric vehicle industry is still growing and evolving, and Rivian's innovative approach to electric trucks and SUVs could play a crucial role in shaping the market.
@gurgavin Probably a demand problem. Or because the CEO is shitposting on Twitter. wait.
@gurgavin We can't avoid the inevitable.
@gurgavin Good first step . They need to use their funds very efficiently now for will face bankruptcy very soon . Cut cost everywhere. Make R2 but put that hideous R3 on the back burner. Also stop wasting more money on charging network.
@gurgavin following in $TSLA's footsteps like always
@gurgavin All the technology development for electric cars will be adapted to fuel vehicles once EVs become extinct. It won't all be for nothing. Elon is taking us to Mars to mine unlimited oil deposits if you think oil will run out.