Rivian (RIVN) Stock: Company Cuts Jobs and Settles $250 Million Lawsuit as EV Market Weakens

TLDR Rivian is cutting its workforce by 4.5%, affecting nearly 700 employees out of almost 15,000 total staff The company settled a 2022 securities class action lawsuit for $250 million while denying wrongdoing Rivian expects to sell only 43,000 vehicles this year, far below the 116,000 Wall Street projected two years ago The $7,500 federal [...]

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