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Rivian lays off hundreds, under 2% of staff, a week after R2 launch

Rivian laid off hundreds of workers on Tuesday, or less than 2% of its workforce, just one week after it began deliveries of its all-important R2 SUV.

The electric automaker confirmed the cuts hit its service and customer teams, which include sales and marketing, as it tries to claw its way to a profit it has yet to ever post.

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Cisco announces record revenue and 4,000 layoffs in the same day

Following a quarter in which his company delivered record revenue, Cisco CEO Chuck Robbins announced that the company's latest round of layoffs begins today.

In a blog post yesterday, Robbins was quick to boast that Cisco’s fiscal Q3 2026 earnings saw revenue increase 12 percent year-over-year to $15.8 billion. He told employees that he and the rest of Cisco’s executive leadership team β€œcould not be prouder of the growth you have all delivered for Cisco.”

But that pride could apparently not save the company’s successful employees from unemployment.

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