Rivian (RIVN.US) is streamlining its workforce again! About 150 employees are being laid off to fully prepare for the release of the R2 car model.

According to the Wise Finance APP, in order to prepare for the crucial launch of the budget version R2 SUV next year, Rivian (RIVN.US) will lay off approximately 150 employees. This is the second small-scale workforce reduction implemented by the company in recent months.