Tech giant Google, EV manufacturer Rivian announce job cuts in Bay Area
According to official state government filings, tech giant Google and electric vehicle manufacturer Rivian Automotive cut dozens more jobs in the Bay Area this week.
Google has announced plans to eliminate 57 positions across various roles in San Francisco, including managers, engineers and analysts, as per a WARN notice filed with California authorities.
The permanent layoffs are set to begin on June 9 and continue through the month.
A week earlier, the company eliminated 50 positions across its development teams.
This follows an announcement in January where Google revealed it would lay off 702 workers in the Bay Area, with CEO Sundar Pichai indicating that further layoffs were expected throughout 2024.
The layoffs come on the heels of the tech behemoth’s announcement that it will be exiting the 300,000-square-foot office that it has occupied at One Market Plaza in San Francisco since 2018, once the company’s lease for the space expires in April.
Rivian, meanwhile, will be cutting 28 jobs across various departments at its Palo Alto office, along with a recruiter position in San Francisco. This is in addition to 92 roles at its facilities in Southern California.
Earlier this year, Rivian cut approximately 150 workers in the Bay Area, as part of its plan to decrease its salaried staff by 10%.
Despite more than doubling the production and shipment of electric trucks and sport utility vehicles to approximately 57,000 and 50,000 respectively in 2023, compared to the previous year, the Irvine-based company reported a deficit exceeding $5.4 billion. Rivian anticipates a loss of around $2.7 billion in 2024.
Rivian previously laid off 240 workers in Palo Alto in February 2023.
These were not the only layoffs impacting the Bay Area this week.
Pharmaceutical company Bristol Myers Squibb announced it will lay off 114 employees in Redwood City on June 25.
Additionally, biotechnology company Pacific Biosciences of California, Inc. plans to trim 71 roles at its Menlo Park headquarters effective June 28, along with another 108 in San Diego.