Rivian to Layoff 5% of Non-Manufacturing Workforce

[Redline]

https://www.bloomberg.com/news/arti...dreds-of-job-cuts-following-surge-in-staffing

Sounds like nonmanufacturing jobs where they grew too fast will be on the block.

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[RWerksman]

Layoffs from a startup that doubled staffing in the just past year? Color me surprised.

 

[Redline]

Yeah, not too shocking.

 

[cbuckley]

The guides seem like a good place to start. Maybe I just got unlucky in my assignment but can't say that mine's facilitated much of anything on his own.

 

[Scoiatael]

The guides seem like a good place to start. Maybe I just got unlucky in my assignment but can't say that mine's facilitated much of anything on his own.

My guide has been very responsive and usually will answer my emails within an hour of sending them (during normal business hours).

 

[ORFynder]

My guide has been very responsive and usually will answer my emails within an hour of sending them (during normal business hours).

I would agree. My guide has been amazing. Answered all my questions thoroughly, timely, and went above and beyond securing my R1T. I can imagine going through the purchase process without one

 

[Lil'Dave]

Not surprising. Hope everyone that is affected can find a new job quickly.

 

[R1Sky Business]

Plant only operating 30hrs a week

 

[Ladiver]

The guides seem like a good place to start. Maybe I just got unlucky in my assignment but can't say that mine's facilitated much of anything on his own.

I think the communications department. That would take care of at least one employee.

 

[emoore]

Plant only operating 30hrs a week

You are able to verify that?

Not surprising to have mass hiring and then layoffs at a startup. Sucks for the people getting laid off but hope they find work quickly.

 

[MountainBikeDude]

You are able to verify that?

Not surprising to have mass hiring and then layoffs at a startup. Sucks for the people getting laid off but hope they find work quickly.

Was touched on during their last quarterly shareholders report. RJ talked about how, due to supply chain constraints, they had to constantly start and stop the assembly line as parts came in, then ran out, only operating at 30 hours a week.

 

[emoore]

Was touched on during their last quarterly shareholders report. RJ talked about how, due to supply chain constraints, they had to constantly start and stop the assembly line as parts came in, then ran out, only operating at 30 hours a week.

I think that number has been taken out of context. If they are only fully operating 30 hours a week then that would imply they they are making at least 10 vehicles an hour which seems really high.

 

[MountainBikeDude]

@emoore Listen to the earnings call from Q1 and draw your own conclusions.
https://edge.media-server.com/mmc/p/9j25wrzb

A summary can be found here
https://www.rivianforums.com/forum/...-on-june-2nd-w-mention-of-lfp-batteries.5881/

Edit
My bad, I linked an incorrect interview at the start. Should be this one.
https://kvgo.com/bernstein-2022-38th-annual-sdc/rivian-june

 

[gpellerin]

I take this as a good sign. They are recognizing their fluctuating needs and making appropriate changes...the sign of a data-driven, mature company. I agree that it sucks for those affected, and I hope they find work quickly, but overall it means Rivian is making sound decisions based on need.

 

[dduffey]

My guide has been very responsive and usually will answer my emails within an hour of sending them (during normal business hours).

Same, my guide has been great.

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