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Tech and media layoffs October 2025: Rivian, Meta, Paycom, NBC News, and more cut jobs this fall

Workforce downsizing is a growing trend in the U.S. and Europe amid economic uncertainty, with some companies also citing the rise of AI.

Electric-truck maker Rivian is laying off another 600 people, or about 4% of its workforce as the global demand for electric vehicles decreases, the Wall Street Journal reported. This follows a previous round of layoffs in 2024.

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