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Rivian Cuts Workforce By 10%, Doesn’t Expect To Sell More EVs This Year

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The company expects to build 57,000 vehicles this year, the same number of EVs that it managed to produce throughout 2023. Rivian also projected an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 According to Reuters , analysts had anticipated the brand to manufacture over 81,000 vehicles in 2023.