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Summary
Rivian has announced restructuring efforts, including cuts, to aid in scaling towards profitability. The company recently postponed its profitability goal to focus on investing in autonomy, according to the company.
Our Reading
The announcement sounds ambitious.
Rivian is restructuring to scale towards profitability, but not before pushing back its profitability goal. The company is now focusing on autonomy investments. This is what “pivoting to focus on the future” looks like when you’re still trying to make a profit. Another company “restructuring” to “scale to profitability” – because that’s always worked out well before.
Author: Evan Null
