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Inflation and global supply chain restrictions continue to hurt EV cars, especially in the United States. Young cars such as Rivian and Arrival have announced plans to restructure their businesses, hinting that they could be fired. Meanwhile, EVA veteran Tesla fired hundreds of workers last month and is still working.
Rivian Friday to address potential reductions with staff
We heard last year that Rivian had reported a good growth in EV production with a total of 7,969 EVs since its inception last year. At the same time, Rivian reiterated that the goal of producing 25,000 vehicles this year could still be achieved.
Despite significant improvements in the second half of 2022, CEO RJ Scaringe said Rivian’s new results show that the company is working on its existing supply chain and production issues.
According to a recent report Reuters, Scaringe sent an email to employees Monday night, warning them of plans to discuss dismissal this Friday. Scaringe Rivian also shared plans to block some internal programs, such as part of the company’s restructuring.
Because these details are so vague, we do not want to speculate before Friday, but the restructuring will significantly weaken EV production for its 2022 production targets, which could further reduce costs and grow the business. By the end of Q1, Rivian had more than $ 16 billion in his hands, so his dismissal seemed to be a precautionary measure to stay as lean as possible.
The arrival announces the reorganization of the business
Like Rivian, UK and US-based commercial eV manufacturer Arrival is making some internal adjustments to achieve a balanced van production this year. In a press release this morning, he suggested “reorganizing the business in response to the difficult economic situation.”
The reason for the pillar is that the company can confirm that it has started producing the destination van sometimes in Q3. Here is the official statement:
Destinations include plans to reorganize the organization by the end of 2023, primarily using the $ 500M cash on hand. The destination idea includes a 30% reduction in the organization and is expected to affect up to 30% of employees worldwide.
Unlike Rivian, Arival has not yet been able to use the term “dismissal,” but the term above indicates that almost one-third of destination workers around the world feel the same way. The company said it would share more details of the revised business strategy during its Q2 revenue call on August 11.
Tesla continues to be fired.
We reported last month that Elon Musk had e-mailed Teslan executives and told them that the CEO had to cut 10 percent of his workforce and quit his job because of his “very bad feelings” about the economy.
Musk later explained Tesla’s limit by email to all employees, saying that the 10% reduction would be applied to “payroll head count” following Tesla’s long growth spurt. He continued to be fired until June and, despite the promises of the mask, hit the hourly workers in service, sales and delivery. At the time, most of those fired were actually paid workers.
According to the same report from Reuters, Tesla is closing its office in San Mato, California, where workers were building the autopilot system. According to a file, 229 more Tesla employees will be fired as a result of the closure.
Ironically, a recent survey of 457 people fired by Tesla shows that most have moved to Rivian. Good luck!
All three companies have a lot of capital and exciting EVs floating on their production lines, so there is no risk for the time being. However, these activities show that these vehicles are invincible and that supply chain issues are taking their toll.
Small EV launches make you anxious because you face so many similar issues. The worst part of the news above is that many people who are helping to promote EVA have lost their jobs, and many more are about to be completed. Hope everybody on this site also had a great day.
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