Wednesday, October 14, 2026
Wednesday, October 14, 2026
Watch Live
UPDATED
FUEL PRICE
14-OCT-2026
PETROL
▼ -2.71 PKR
Rs. 392.66/ltr
DIESEL
▼ -0.03 PKR
Rs. 396.82/ltr
Headlines
Petrol price cut by Rs2.71, diesel by 3 paisa in Pakistan Stop throwing away plastic plant pots with this simple hack Scientists uncover hidden eye drainage pathway that eluded researchers for centuries Lionel Messi enters a world of fantasy in Disney’s 'Messi and the Giants' animated series ‘Breaking Bad’ star RJ Mitte dies at 34 Mohsin Naqvi defends government’s actions, says they comply with Pakistan’s Constitution Man killed by tiger after entering enclosure at UK Wildlife Park PM Shehbaz, Field Marshal Asim Munir attend funeral of two pilots killed in Quetta crash IMF projects Pakistan’s inflation to rise to 9.9% in FY2026-27 Baba Vanga’s 2026 prophecy rekindles speculation about November alien encounter IT Minister Shaza Fatima says Pakistan nears satellite internet framework Yemen claims 950 Houthi fighters killed in 1,879 ‘Dawn of Yemen’ operations Petrol price cut by Rs2.71, diesel by 3 paisa in Pakistan Stop throwing away plastic plant pots with this simple hack Scientists uncover hidden eye drainage pathway that eluded researchers for centuries Lionel Messi enters a world of fantasy in Disney’s 'Messi and the Giants' animated series ‘Breaking Bad’ star RJ Mitte dies at 34 Mohsin Naqvi defends government’s actions, says they comply with Pakistan’s Constitution Man killed by tiger after entering enclosure at UK Wildlife Park PM Shehbaz, Field Marshal Asim Munir attend funeral of two pilots killed in Quetta crash IMF projects Pakistan’s inflation to rise to 9.9% in FY2026-27 Baba Vanga’s 2026 prophecy rekindles speculation about November alien encounter IT Minister Shaza Fatima says Pakistan nears satellite internet framework Yemen claims 950 Houthi fighters killed in 1,879 ‘Dawn of Yemen’ operations

Rivian announces fresh layoffs amid cost-cutting and profit drive

Job cuts impact less than 2% of workforce, mainly service and customer teams.

Web Desk June 17, 2026 Add Bol News as a trusted source
US electric vehicle maker Rivian has announced another round of job cuts, laying off hundreds of employees less than 2% of its global workforce as the company steps up efforts to curb losses and push toward long-term profitability.

According to a company spokesperson, the layoffs primarily affect teams in the service and customer experience divisions, reflecting ongoing internal restructuring as Rivian attempts to streamline operations. The company had approximately 15,232 employees across North America and Europe at the end of last year.

In a statement, Rivian said it has “restructured a handful of teams” as part of its broader strategy to scale the business more efficiently and strengthen its financial position in an increasingly competitive EV market.

The move comes shortly after Rivian began deliveries of its R2 SUV, a highly anticipated model positioned as a critical turning point for the company. The vehicle is central to Rivian’s ambition of shifting from a niche luxury EV producer to a mainstream automotive competitor capable of challenging established players like Tesla.

Read More: Uber bets $1.25 billion on driverless future with Rivian deal

Despite these expansion efforts, Rivian remains under significant financial strain. The company reported a $3.6 billion net loss last year, and continues to struggle with high production costs, losing roughly $6,000 per vehicle in the first quarter of this year.

The broader electric vehicle industry is also facing mounting pressure amid weakening incentives and policy shifts, including the removal of the $7,500 federal EV tax credit under the Trump administration, which has dampened demand across the sector.

This is not the company’s first workforce reduction. In October, Rivian cut more than 600 jobs, or about 4.5% of its workforce, as part of a wider restructuring across marketing, sales, and operations aimed at tightening costs and improving efficiency.

Recommended