Rivian announces employee layoffs; CEO cites inflation as reason for reductions

ByABC7 Chicago Digital Team via WLS logo
Thursday, July 28, 2022
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Rivian, which manafactures its electric vehicles in Normal, Illinois, announced it would be laying off 6% of its workforce.

CHICAGO (WLS) -- An electric carmaker that has a manufacturing plant in downstate Normal is cutting jobs.

Rivian, the Amazon-backed electric car manufacturer, said it will be laying off about 6% of the company's workforce.

RELATED | Amazon releases fleet of Rivian all-electric delivery trucks made in Illinois

Rivian employs around 14,000 employees and the layoffs would cut staffing by about 840 people.

In an email to workers, CEO R.J. Scaringe said that inflation, rising interest rates and increases in prices as the main factors for the layoffs.

RELATED | Rivian builds electric cars in Normal, Ill.

Rivian currently manufactures electric pickups, SUVs and also Amazon's electric delivery fleet from its plant just two hours south of Chicago.

The automaker is currently in the works to open a second manufacturing plant in Georgia which will employ 7,500 workers at full capacity.