Rivian to cut 10% of salaried staff as output forecast misses expectations

On February 21, Rivian Automotive revealed plans to cut 10% of its salaried workforce after setting production guidance well below Wall Street's expectations as the company deals with stagnant demand and high interest rates.
Rivian now projects it will build 57,000 vehicles in 2024, roughly in line with its 2023 resu....

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