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Should Rivian Investors Be Alarmed After the EV Maker's Recent Move?

The Motley Fool Logo The Motley Fool By Daniel Miller
Should Rivian Investors Be Alarmed After the EV Maker's Recent Move?

Rivian announced job cuts of 4.5% of its workforce and is restructuring operations, preparing for the launch of its R2 crossover vehicle in 2026 to revive deliveries and potentially expand into international markets.

Insights
ABBV   positive

Highlighted as a Dividend King with consistent dividend increases and strong financial performance


RIVN   neutral

The company is making strategic adjustments by cutting jobs and restructuring operations to prepare for the R2 launch, which could help improve its market position and potential profitability