Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Rivian CEO assumes chief marketing position amid restructuring before R2 debut

Rivian CEO assumes chief marketing position amid restructuring before R2 debut

Bitget-RWA2025/10/24 00:09
By:Bitget-RWA

RJ Scaringe, the founder and CEO of Rivian, is stepping into an additional position at the company as it undergoes a reorganization in preparation for the R2 SUV’s debut next year, a process that includes laying off over 600 staff members.

In an email sent to employees on Thursday, Scaringe announced he will temporarily serve as Rivian’s chief marketing officer while the company searches for its first permanent hire for the role. The leaders of Rivian’s “marketing experiences” group and the head of the creative studio will now report directly to Scaringe, according to an email reviewed by TechCrunch.

It remains uncertain how many people currently report directly to Scaringe—a spokesperson declined to answer—but he mentioned on the Decoder podcast last year that the number was “quite large.”

Thursday’s announcement marks the third round of layoffs at Rivian in 2024. In June, as first reported by TechCrunch, the company eliminated about 140 positions from its manufacturing department. A similar reduction affected the sales and service teams in September. Earlier in the year, Rivian also enacted a more significant workforce cut of 10%.

“I am reaching out to share some tough news,” Scaringe wrote in his Thursday message to staff. “With the R2 launch approaching and our need to scale the business sustainably, we have made the hard choice to implement several organizational changes. As a result, our workforce will shrink by approximately 4.5%.”

Scaringe pointed to a “shifting operational environment”—referencing the end of the federal EV tax credit, higher tariffs from the Trump era, and broader challenges for clean energy in the U.S.—as reasons the company needed to “re-evaluate how we expand our go-to-market teams.”

Alongside Scaringe’s new oversight of marketing and creative, the company will also be “simplifying” the customer experience, according to the email. Rivian is moving its “vehicle operations” group to merge with its service department, while delivery and “mobile operations” will now be part of the sales team.

These organizational updates are intended to “make the buying process as smooth as possible, providing a single point of contact from the initial sale through to delivery,” Scaringe explained.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Today: The Major Transition: Bitcoin Mining Companies Evolve into Leading AI Infrastructure Providers

- Bitcoin miners shift to AI infrastructure as margins shrink due to rising energy costs and post-halving challenges, with companies like Core Scientific and Cipher Mining repurposing data centers for AI workloads. - Major contracts, including a $5.5B, 15-year AWS deal and a $9.7B Microsoft agreement, highlight AI’s 25x higher revenue per megawatt compared to Bitcoin mining, driven by stable demand from tech giants. - The pivot reshapes market dynamics, with AI-focused miners outperforming Bitcoin peers as

Bitget-RWA2025/11/12 18:28
Bitcoin News Today: The Major Transition: Bitcoin Mining Companies Evolve into Leading AI Infrastructure Providers

Fed's Decision to Hold Rates Puts Spotlight on Balancing Trump’s Growth Plans and Inflation Concerns

- The Fed may pause rate cuts in 2025, balancing Trump's policy risks against inflation and economic resilience. - JPMorgan's Karen Ward highlights uncertainty over Trump-era growth vs. inflation, contrasting Wall Street's rate-cut expectations. - Powell emphasizes "strong" economic performance as a reason to delay cuts, with CME FedWatch showing 58% chance of December 25-basis-point cut. - Regional Fed leaders like Bostic and Williams stress inflation risks and cautious reserve management amid leadership

Bitget-RWA2025/11/12 18:28

SEC's Token Classification Seeks to Harmonize Innovation with Safeguarding Investors

- The SEC proposes a token taxonomy under the Howey Test to classify digital assets as securities or non-securities, reshaping crypto regulation. - The framework categorizes tokens into four tiers, including securities, digital commodities, collectibles, and tools, with exemptions for non-SEC-regulated platforms. - It aligns with the Digital Asset Market Structure Bill, which assigns major cryptocurrencies to CFTC oversight and mandates exchange function separation. - The SEC emphasizes strict enforcement

Bitget-RWA2025/11/12 18:28
SEC's Token Classification Seeks to Harmonize Innovation with Safeguarding Investors

Bitcoin News Update: Altcoins at a Turning Point—Innovation Meets Uncertainty as AI, DeFi, and Global Politics Influence 2026

- AI-driven DeepSnitch AI (DSNT) and Bitcoin Hyper (HYPER) lead crypto innovation, combining blockchain analytics with real-time risk detection and Layer-2 scalability solutions. - DeFi projects like RentStac (RNS) and Digitap ($TAP) anchor digital assets to real-world utilities, with RNS targeting $27.45M via tokenized real estate and TAP expanding financial access for unbanked populations. - Geopolitical tensions escalate as China-US clash over a $13B Bitcoin hack, while institutional moves like Metaplan

Bitget-RWA2025/11/12 18:28