California EV manufacturer Rivian is laying off hundreds of workers, CNBC reported.
It amounts to just under 2% of its total workforce, but the automaker is trying to lower its losses after launching its R2 SUV just a week ago.
Last year, Rivian lost $3.6 billion. The company has yet to make an annual profit.
The company had 15,232 employees across North America and Europe last year.
