Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree

The month of June saw a fresh wave of layoffs across the technology sector, with companies both large and small making significant workforce reductions as they adapt to shifting market demands and the growing influence of artificial intelligence.

Rivian: Last month, electric vehicle manufacturer Rivian Automotive, Inc. (NASDAQ:RIVN) reduced its headcount by approximately 140 employees, about 1% of its workforce. 

The layoffs primarily impacted the manufacturing team as the company seeks to streamline operations ahead of its upcoming R2 SUV launch.

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