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Rivian Layoffs

Rivian Layoffs: Electric Vehicle (EV) Battery Team Staff Cuts Arrive, Report Asserts

December 8, 2023 by Joe Panettieri

Rivian Automotive layoffs have impacted roughly 20 employees working on long-range battery cells, The Information reported.

The battery cell team layoffs may indicate that Rivian no longer expects to make its own batteries at the new factory being built in Georgia, SeekingAlpha speculated.

Although the EV market's growth rate has been slowing, Rivian has shown strong growth. Revenue was $1,337 billion in Q3 of 2023, up from $536 in Q3 of 2022.

Still, layoffs have surfaced across the EV battery and EV charging market in 2023. Examples include:

  • November 2023: Our Next Energy (ONE) layoffs involved 25% staff cuts at the electric vehicle (EV) battery maker and energy storage company.
  • November 2023: LG Energy Solution layoffs will impact roughly 170 employees between December 2023 and January 2024, The Holland Sentinel of Michigan reported. The business develops EV (electric vehicle) batteries for U.S. automakers. Key customers include Volvo, Stellantis, Ford and General Motors.
  • November 2023: Tritium DCFC is planning layoffs and an Australia factory closure. The goal: Achieve a path to profitability in 2024, the fast-growing but money-losing electric vehicle (EV) charging technology company said.
  • September 2023: ChargePoint layoffs hit 10% of its staff and reorganized operations amid weaker-than-expected quarterly revenue guidance from the electric vehicle (EV) charging station network company.

Sustainability and Green Technology Jobs: Climate Tech Training Programs

Despite those anecdotal job cuts, demand for green jobs in the United States has grown roughly 50% since 2019, according to Lightcast.

In response, companies such as AccentureEYGoodwill and Microsoft have launched green jobs training programs.

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