Rivian left hundreds of its employees in limbo after saying it was shedding 10% of its salaried employees on Wednesday.
Rivian CEO RJ Scaringe advised employees they’d have to attend to seek out out whether or not their function had been impacted till Thursday morning, after notifying employees of the cuts on Wednesday, based on a replica of the e-mail obtained by Enterprise Insider.
Scaringe mentioned employees could be notified between 7:30 and eight a.m. Pacific Time on Thursday. However information of the layoffs broke on Wednesday afternoon.
“We all know the timing right here is tough — ready between now and tomorrow to know whether or not you are impacted is much from preferrred, however we need to guarantee a thoughtful notification course of that accommodates all time zones,” the e-mail reads.
In an e mail to BI, Rivian didn’t specify precisely what number of salaried employees members could be minimize, however mentioned that it has 16,700 complete workers, together with each salaried and hourly employees.
An organization spokesperson did not reply to a request for touch upon the timeline of the layoff notices.
“Our enterprise is dealing with a difficult macroeconomic surroundings—together with traditionally excessive rates of interest and geopolitical uncertainty—and we have to make purposeful modifications now to make sure our promising future,” Scaringe advised employees through e mail. “We have just lately carried out a number of organizational and management modifications, however we have to do extra to attain our strategic priorities,” the e-mail continued.
Rivian is becoming a member of a rising record of tech firms to put off employees this 12 months.
The carmaker’s technique of letting employees stew a complete night time earlier than letting them know which roles have been eradicated seems to be an uncommon one. Over the previous 12 months, tech firms have alerted employees to a change of their function by all method of measures, from Google employees who realized they’d been terminated after they have been unable to badge into the workplace to Twitter employees members who reportedly realized they’d misplaced their jobs once they have been abruptly minimize off from firm programs.
Extra generally, employees obtain a notification to speak with human sources or a supervisor concurrently or shortly after a companywide e mail.
It is the carmaker’s third layoff over the previous two years. The corporate is one among many within the EV trade to make cuts amid slowing demand. Each Ford and Basic Motors have already begun to reduce their EV plans. Excessive rates of interest, slowing demand, and strain from Tesla’s pricing technique have put strain on the US electrical automobile market.
“Our enterprise will not be proof against current financial and geopolitical uncertainties,” Scaringe mentioned on Wednesday throughout the firm’s earnings name. “Most notably the affect of traditionally excessive rates of interest which has negatively impacted demand.”
