Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.
Justin Sullivan | Getty Images
The hundreds of layoffs could be announced in the coming weeks, Bloomberg reported, citing people familiar with the matter. But the layoffs are still in the planning stage and no final decisions have been made, the report said.
The Irvine, California-based company has about 14,000 employees.
Rivian’s shares were down about 7% in mid-afternoon trading…