The post Rivian plans to lay off more than 600 workers appeared on BitcoinEthereumNews.com. A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year. A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set to be shared with employees Thursday. Rivian and other EV manufacturers are increasingly facing a more challenging market than they did in recent years amid changing regulations under the Trump administration, including the elimination of a $7,500 federal incentive for purchasing an EV. This is breaking news. Please refresh for additional details. Source: https://www.cnbc.com/2025/10/23/rivian-layoffs.htmlThe post Rivian plans to lay off more than 600 workers appeared on BitcoinEthereumNews.com. A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year. A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set to be shared with employees Thursday. Rivian and other EV manufacturers are increasingly facing a more challenging market than they did in recent years amid changing regulations under the Trump administration, including the elimination of a $7,500 federal incentive for purchasing an EV. This is breaking news. Please refresh for additional details. Source: https://www.cnbc.com/2025/10/23/rivian-layoffs.html

                                                                               Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power.                     The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more