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- Electric carmaker Rivian plans to cut 10% of its salaried workforce.
- Despite doubling its EV deliveries in 2023, Rivian reported a $5.4 billion loss for the year.
- Rivian's forecast production for 2024 falls short of analysts' predictions.
Electric carmaker Rivian said on Wednesday that it will be cutting 10% of its salaried workforce as it deals with slowing EV demand.
The company made the announcement in its 2023 fourth quarter earnings call on Wednesday.