Business analyst discusses impact of federal reserve's interest rate hike

Reuters

Rivian to cut headcount by 6%

Staff in the manufacturing operations team at Normal, Illinois, will not be affected, according to an email sent by Chief Executive R.J. Scaringe to employees. The company, Scaringe wrote in the email, is financially well positioned, “but to fully realize our potential, our strategy must support our sustainable growth as we ramp towards profitability.”

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