Rivian announces 2023 financial results

Chad Elmore Managing Editor, Power Progress

26 February 2024

Company lays off 10% of its workforce

Rivian Automotive Inc. announced its fourth quarter and year end 2023 financial results and at the same time reduced its salaried workforce by approximately 10%, or about 1,000 employees.

The company said on a full-year basis, it produced 57,232 vehicles and delivered 50,122, more than doubling production and deliveries from…

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