Rivian is now laying off nearly 5% of its workforce. Electric vehicle truck maker Rivian is now planning to lay off hundreds of workers from the company as they plan to lay off nearly 5% of their workforce. The company hasn’t yet made any firm decision on mass job cuts, but They are laying off 5% which equals 700 employees.

These layoffs are going to be announced in the coming weeks, according to a report by Bloomberg. But with a headcount of nearly 14,000 employees at the company. This won’t be a major hit to the company, but it is probably for nonmanufacturing position scenarios where the company has expanded too quickly as teams with duplicate functions are said to be among as there are several jobs that many employees at Rivian have. But it’s not just Rivian, as the entire automotive industry has been hit hard by a very big supply chain issue, and the economic climate and it seems like Rivian has not got any exceptions with this, as the company is still expecting to build nearly 25,000 EV’s this year despite the difficulties they are facing with production.

The company does eventually aim to manufacture 600,000 vehicles per year within its existing plant in Illinois. There’s also a second planned factory to be built in Georgia, expected to open in 2024. The company is facing issues as they have 10s of thousands of EV orders and also 100,000 delivery vehicles ordered by Amazon for the end of the decade and this bolstering production while streamlining operations everywhere else seems to be the best logical move for the company to equally cut costs. Save some buck and also ramp up production to efficiently deliver more cars like they’re supposed to.