Rivian trims workforce by about 2% amid profitability push

June 16 (Reuters) - Electric-vehicle ‌maker Rivian ​said ​on Tuesday it is laying off less than 2% of its workforce as part ‌of ongoing efforts to scale its operations profitably.

The ⁠company, which employed 15,232 people as of December last year, ‌has said it no ‌longer expected to meet its 2027 adjusted core profit target as it ramps up spending on research ​and development to accelerate its autonomous driving roadmap.

The layoffs come after Rivian began production of ⁠its smaller R2 SUVs in April, with deliveries underway, as the company ​bets on a lower-cost model to broaden demand and strengthen its path to profitability.

"We ​recently restructured a handful of teams ‌within Rivian as we work to profitably scale our business," a company spokesperson ⁠told Reuters via email.

The company said the cuts hit Rivian's service and customer organization, including sales and marketing ⁠teams. Those affected may apply for other open roles at Rivian.

The ​Wall Street Journal, which had reported the job cuts earlier, said that the changes would be effective Tuesday.

Rivian cut more ‌than 600 jobs, or 4.5% of its workforce, in October as it grappled ‌with softer demand after the expiry of key ⁠U.S. tax credits in ‌September.

(Reporting by Juby ​Babu in Mexico City and Anzar Mehraj in Bengaluru; Editing by Vijay Kishore and Diti ‌Pujara)

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