Get the latest tech news

Rivian loses $1.45B as cost-cutting measures continue


Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach

High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several startups are hoping to… On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation. Apple isn’t yet ready to unveil its broader AI strategy — it’s saving that for its Worldwide Developer Conference in June — but the tech giant did make sure to…

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of Rivian

Rivian

Photo of cost

cost

Photo of cutting measures

cutting measures

Related news:

News photo

Rivian CEO Won't Reveal Order Numbers for the R2

News photo

Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move

News photo

Rivian loses $1.45 billion as cost-cutting measures continue