Rivian layoffs: Electric SUV maker slashes hundreds of jobs in bid for profitability after R2 launch

Investors typically cheer job cuts, but the EV company’s shares closed down after the news was confirmed. Here’s what to know.

[Photo: Jay L Clendenin/Getty Images]

Electric SUV maker Rivian Automotive (Nasdaq: RIVN) has cut hundreds of jobs as it seeks to achieve........

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