Justtt 1%? And it made it to news?
I am sorry, Rivian, even 1% made it to News...
I guess it’s more about how many more can there be?
As many as it takes to respond to a sinking valuation.
Assume for a moment they cut 40% of staff @ 150k/year/headcount. That’s about $1 B per year. Great, right? That’s only 1/5th of current annual burn. Ship needs to stay afloat with 50% of current staff AND somehow achieve positive gross margin in the next 9 months 😬
SAP are laying off 8000 this week.
Did they layoff twice already?
They also cut access to blind for all people laid off.
Maybe the e-bike team will be cut
Isn't this like 20 people?
They have almost 17k employees