Posted Jun 16, 2026 at 9:06 PM UTCRThe VergeRivian lays off hundreds of employees just days after releasing the R2.Rivian has had layoffs in 2022, 2023, 2024, 2025, and now, within a week of launching the long-awaited R2 SUV, layoffs in 2026. The Wall Street Journal reports the cuts made Tuesday affected less than two percent of its employees, which the company confirmed, saying it “restructured a handful of teams,” as it attempts to turn a profit for the first time.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Richard Lawler