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Rivian Cuts 600 Jobs Amid Tax Credit Expiration

10/23/2025

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Summary

Story summary

Rivian Automotive plans to lay off over 600 employees, about 4% of its workforce, following the expiration of the $7,500 federal tax credit for electric vehicles.
The company previously reduced staff by about 1.5%.
Despite a 32% rise in third quarter (Q3) 2025 vehicle sales, Rivian narrowed its delivery forecast for the year.
The company plans to streamline operations ahead of the 2026 launch of the R2 model.

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Story summary

Rivian Automotive plans to lay off over 600 employees, about 4% of its workforce, following the expiration of the $7,500 federal tax credit for electric vehicles.
The company previously reduced staff by about 1.5%.
Despite a 32% rise in third quarter (Q3) 2025 vehicle sales, Rivian narrowed its delivery forecast for the year.
The company plans to streamline operations ahead of the 2026 launch of the R2 model.