Breitbart Business Digest: Fed Is Still Not Cutting in September
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Rivian warns California of more layoffs, with 89 cut in Irvine
Rivian Automotive Inc., at one time considered the darling of the electric vehicle market, has informed state officials that it plans more layoffs in California. In an April 24 letter to the state’s Employment Development Department, the company's vice president of people, Scott Griffin, said Rivian planned to lay off more than 120 employees, including 89 in Irvine and 28 in Palo Alto. The job losses will begin in June, Griffin wrote, and are expected to be permanent. In February, the company...