The electric vehicle company will announce about 150 job cuts, citing high interest rates and lower demand.
[Ads /]
The prior round of cuts focused on product teams and those working on its commercial electric vehicle business, while the latest move will mostly impact support and back-office jobs.
Meanwhile, Rivian is set to expand in Illinois, where they are receiving more than $800 million worth of tax incentives to expand their Illinois operations as well as $75 million in capital funding.
[Ads /]
MORE: Tesla cuts entire Supercharger team in latest round of layoffs
Tesla cuts entire Supercharger team in latest round of layoffs