"Rivian is one of a number of technology and media companies that have seen layoffs in October, including: Meta, Paycom, Charter, NBC News and the Wall Street Journal. Unfortunately, October 2025 is no outlier. From technology companies to media conglomerates, the layoffs are part of a trend in both the U.S. and Europe as companies start to slash staff and downsize."
"On Thursday, there was news that Rivian was laying off about 4% of its workforce, after a previous smaller layoff affecting some 1.5% of the company last month. Rivian, like many EV manufacturers, is expected to see EV sales decline in the wake of the Trump administration's decision to end a hefty federal tax credit for EV purchases. Rivian is also planning to launch a new vehicle in 2026, according to the Wall Street Journal."
Rivian is cutting about 600 employees, roughly 4% of its workforce, following a smaller 1.5% layoff the previous month. EV sales are expected to decline after the federal tax credit for EV purchases was ended, and Rivian plans a new vehicle launch in 2026. Tech and media companies including Meta, Paycom, Charter, NBC News and the Wall Street Journal have also announced layoffs in October. Some employers cite artificial intelligence as a factor, while critics call it an excuse. Companies also cite economic uncertainty from inflation, tariffs, rising living costs, and a federal government shutdown.
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