Rivian to Lay Off More California Workers as EV Market Stalls

The electric-truck maker will let go 92 employees in Orange County, mostly at its Irvine headquarters. The move comes on top of February layoffs. Amazon-backed truck maker Rivian, once a rising star in the EV market, will lay off 92 employees in Orange County, according to a recent letter sent to California’s employment department. In February, Rivian announced it would lay off 10 percent of its salaried workforce and produce fewer than expected vehicles in 2024, according to an announcement at the time, which sent its shares plummeting by $5...