{"id":4234,"date":"2025-09-08T17:35:41","date_gmt":"2025-09-08T21:35:41","guid":{"rendered":"https:\/\/www.profitless.com\/?p=4234"},"modified":"2025-09-08T17:36:06","modified_gmt":"2025-09-08T21:36:06","slug":"rivian-sheds-200-in-run-up-to-new-cars-launch-next-year","status":"publish","type":"post","link":"https:\/\/www.profitless.com\/?p=4234","title":{"rendered":"Rivian sheds 200 in run-up to new car&#8217;s launch next year"},"content":{"rendered":"<p>With a $7,500 tax credit set to expire this month and before the launch of its newer, cheaper SUV (the R2), Rivian is axing 200 employees (~1.5% of its workforce). This is on the heels of a quarter that saw the company lose 1.1 billion, a tremendous acceleration of the $650mm that it burned the quarter before that (and the $660mm the quarter before <em>that<\/em>). Riv says it has enough cash to see it through to the launch of the R2 in the first half of next year and with 7 bil in the bank, they may be right&#8230; for now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a $7,500 tax credit set to expire this month and before the launch of its newer, cheaper SUV (the R2), Rivian is axing 200 employees (~1.5% of its workforce). This is on the heels of a quarter that saw the company lose 1.1 billion, a tremendous acceleration of the $650mm that it burned the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[82],"tags":[148],"class_list":{"0":"post-4234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-layoffs","7":"tag-rivian"},"acf":{"sources":[{"author":"Ryan Felton","publication":"The Wall Street Journal","icon":4115,"url":"https:\/\/www.wsj.com\/business\/autos\/rivian-layoffs-ev-manufacturer-1f20bc7f","article_title":"EV Maker Rivian Lays Off Workers as It Preps Launch of Cheaper SUV"}]},"_links":{"self":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4234"}],"version-history":[{"count":3,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4234\/revisions"}],"predecessor-version":[{"id":4237,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4234\/revisions\/4237"}],"wp:attachment":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}