Rivian cuts dozens on manufacturing team ahead of R2 launch
The cuts were mostly made to Rivian's manufacturing team and have been ongoing since Wednesday, according to multiple former employees who were granted anonymity to speak about the layoffs. Some employees were told that the company was eliminating roles that created 'process inefficiencies.'
Rivian confirmed the cuts in an email to TechCrunch. 'We have made the difficult decision to reduce a small number of our salaried manufacturing employees as part of an ongoing effort to improve operational efficiency for R2,' a spokesperson wrote. The company said affected employees are being encouraged to apply to other open positions inside the company.
Rivian began the year with more than 14,800 workers in North America and Europe, according to its annual filing with the Securities and Exchange Commission. The company has made multiple cuts over the last few years, including a 10% reduction in early 2024, and another layoff of around 1% of staff in April 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Trucking Hub Selects 3MD ELD as Preferred FMCSA-Certified, Tamper-Proof Logging Solution
CHICAGO, Aug. 11, 2025 /PRNewswire/ -- Trucking Hub, an industry-leading provider of Transportation Management System (TMS) software, has named 3MD ELD its preferred electronic logging device for integrated fleet compliance. The decision underscores Trucking Hub's commitment to delivering an FMCSA-certified, tamper-proof ELD engineered for enterprise reliability, seamless TMS integration, and continuous fleet connectivity. 3MD ELD was among the first electronic logging devices in the United States to receive FMCSA certification in 2017. It combines FMCSA-compliant logging and advanced telematics in a single device, providing carriers with continuous connectivity, real-time fleet visibility, and compliance data in one place. Powered by Verizon's nationwide network, it keeps trucks connected to Trucking Hub in real time, enabling dynamic ETAs, audit-ready IFTA reports with one-minute GPS intervals, and complete operational oversight. Native integration with Trucking Hub's Transportation Management System allows carriers to manage driver logs, Hours of Service (HOS) data, compliance, and location tracking from a single platform. Both Trucking Hub and 3MD ELD are owned and operated by 3MD, a Chicago-based, family-owned business with deep roots in trucking – from local and regional operations to compliance solutions, fleet management, technology services, and software development. Operating a fleet of 30 trucks, 3MD builds and uses its own technology daily, ensuring every product meets the highest standards for reliability, security, and operational efficiency – and is always driver approved. "Carriers need an ELD they can depend on – one that's tamper-proof, FMCSA-compliant, and fully integrated into their operations," said Milos Pavlovic, Founder & CEO of Trucking Hub. "3MD ELD delivers exactly that, with enterprise-grade hardware, continuous connectivity, and direct TMS integration that give fleets the control they need to perform at the highest level." About Trucking Hub Trucking Hub is a Chicago-based technology leader providing comprehensive transportation management system (TMS) solutions for trucking companies. Built by truckers for truckers, Trucking Hub delivers practical, scalable solutions rooted in real-world trucking operations. To get started with a 30-day trial or request a demo, visit or contact our sales team at +1 877 287 8250. About 3MD ELD 3MD ELD is an FMCSA-certified electronic logging device trusted nationwide for its tamper-proof design, reliability, and advanced compliance features. Operated by 3MD, the solution integrates natively with Trucking Hub's TMS to deliver seamless compliance, telematics, continuous connectivity, and operational efficiency for fleets of any size. To get started with a 30-day trial or request a demo, visit or contact their sales team at +1 877 ELD LOGS. Contact Trucking Hubsales@ View original content to download multimedia: SOURCE Trucking Hub Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
Oilers' Connor McDavid expected to sign shorter-term contract
Oilers' Connor McDavid expected to sign shorter-term contract originally appeared on The Sporting News The next chapter in the Connor McDavid/Edmonton Oilers marriage approaches. According to the '2 Mutts Hockey Podcast," they believe McDavid will sign either a two-year or four-year deal, as the Oilers do not expect him to sign for the full eight years. There is also speculation that the annual average value could rise from $16 million to around $17.5 million. While Edmonton wants McDavid donning its sweater for life, this is not necessarily a bad alternative. The pressure is on the front office to win now while the Oilers remain one of the top teams in the league. No, they are not quite on the Florida Panthers' level, and the two-time defending champions brought everyone back for another run at the Cup. However, reaching four straight Finals is difficult, and while Edmonton winning the Western Conference for a third year in a row is no cakewalk, either, there are just no guarantees that time of year. McDavid on a shorter-term contract means the front office has to continue pushing its chips into the pile and surrounding him with winners. Goaltending is still an issue, and giving out all that money to McDavid, Leon Draisaitl, Evan Bouchard, and Darnell Nurse creates depth difficulties. However, the Oilers did add rookies Isaac Howard and Matthew Savoie up front, both of whom can be impact scorers in their first years. Andrew Mangiapane is no slouch in a middle or bottom-six role. A healthy Zach Hyman is crucial, too. Expect Edmonton to stay aggressive with trades and be one of the big buyers at next season's deadline.
Yahoo
20 minutes ago
- Yahoo
Brook + Whittle Secures $130 Million of New Financing
Transaction extends maturities and provides new capital to invest in operational excellence and growth strategy GUILFORD, Conn., August 11, 2025--(BUSINESS WIRE)--Brook + Whittle (the "Company"), a leader in sustainable packaging solutions, today announced the successful completion of a refinancing transaction. As a part of the transaction, the Company secured $130 million in new capital, established a new revolving credit facility, and extended its debt maturity runway, providing the Company with additional liquidity to accelerate investments in growth and sustainability initiatives. "The successful completion of this transaction underscores the confidence our capital partners have in our team and strategy, providing the Company with the capital and financial flexibility needed to navigate the current market, deepen our investments in sustainability, execute our value creation strategy, and continue delivering best-in-class packaging solutions to our customers," said Mark Pollard, Chief Executive Officer. "We are grateful for the strong support of our stakeholders and look forward to our future success as we focus on our growth strategy, further enhancing our capabilities and product offerings." Brook + Whittle is committed to offering best-in-class labeling solutions while empowering brands with the tools and education necessary to transition to more sustainable alternatives. With this financing, the Company is well-positioned to continue its near and long-term growth strategies. About Brook + WhittleBrook + Whittle is one of North America's leading manufacturers of pressure-sensitive, shrink sleeves, flexible packaging, and heat transfer labels. The Company operates fourteen locations across the US and delivers value to customers through sustainable packaging, complex decoration, digitalization, and industry leading lead-times. To learn more about Brook + Whittle, visit View source version on Contacts Brook + Whittle Marketingmarketing@ C Street Advisory Groupbrook-whittle@ Sign in to access your portfolio
