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

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