Sign Up

Rivian lays off hundreds of employees ahead of the end of EV tax credits

LA Times 1 min read 3 days ago

<p>The electric vehicle tax credit is ending this month. Rivian is cutting costs by laying off about 200 employees last week and is still planning to release its new, afforable SUV next year.</p>
Read original LA Times

More from LA Times

Supertramp's Rick Davies, who sang 'Goodbye Stranger,' dies at 81
SoCal businesses and public institutions can get $7 per square foot to ditch their lawns
FireAid releases 2 audit reports that find no misuse of funds. 'Aid is reaching affected communities'
QB Lamar Jackson says he regrets shoving a fan during Ravens' crazy loss to the Bills

Related in Business

Mirror and Express owner to cut over 300 jobs
Musk's SpaceX buys $17 billion in wireless spectrum to boost cellular service
Jaguar Land Rover extends shutdown after cyber attack
Tesla market share in US drops to lowest since 2017