The logo for electric vehicle company Rivian is seen on the hood of its R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photowill brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe said in an email sent to employees on Monday evening.
Rivian also has halted some non-manufacturing hiring, while "adopting major cost-down efforts" to reduce expenses, he said.
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