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Rivian: Layoffs
Rivian announced a workforce reduction of less than 2% as part of a cost reduction initiative.
Source: TechCrunch
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
“The launch of R2 really ignites the business”
Market context: This lands while the Talent Market Index reads 105.8 (Hot) — down 2.4 versus the prior month — and Americas signal share is rising (+2.4pts).
Rivian: 3 signals in the last 90 days; 0.1% of MitchelLake's Americas signal flow; 3 tracked across 21 days.
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