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[Rivian Announces 4.5% Workforce Reduction, Offers Severance Packages] Rivian Announced On October 23 A Workforce Reduction Affecting 4.5% Of Its Employees, Totaling Over 600 Individuals. Affected Employees Will Receive 60 Days Of Paid Administrative Leave Until December 23, With Full Pay And Benefits, As Part Of A Severance Package. The Severance Amount Is Determined By The Employee's RIV Grade Level And Tenure, Ranging From Up To 10 Weeks Of Pay For Grades 1-4 To Up To 28 Weeks For Grades 10-11. Eligible Workers Must Sign A Release Agreement By January 1, 2026, To Receive Severance Pay. Rivian Is Also Offering Career-transition Services And Allowing Reapplication For Other Open Positions Within The Company.

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