On October 23, foreign media reported that Rivian, an American electric vehicle (EV) manufacturer, declared it would lay off around 600 employees, which makes up 4% of its total workforce, as a strategic response to prevailing market challenges. This move represents the company's second round of layoffs, following a previous reduction of 1.5% of its staff last month. This situation underscores the severe predicament that EV makers find themselves in after the Trump administration's decision to eliminate tax credits for electric vehicles and loosen carbon emission regulations.
