Electric automaker Rivian is laying off about 6 percent of its 14,000 employees, or about 800 people.
The company announced the difficult decision to reduce the team size by about 6% to accelerate development on future versions of its electric trucks and SUVs.
Rivian has been making changes recently in an effort to cut costs, with CEO RJ Scaringe sending emails to employees after reports circulated that it was considering layoffs.
The news comes at a crucial time for Rivian as the company is just starting to ramp up production of its pickups, SUVs and delivery vans for Amazon.
In its most recent earnings report, the company said it had produced approximately 2,553 vehicles, delivered 1,227 and was still planning to make 25,000 by the end of the year.
However, Rivian isn't the only company going through layoffs. We have seen many tech companies lay off large percentages of their employees in recent months.
Ford said it was looking to lay off 8,000 employees, and electric automaker Tesla announced plans to cut 10 percent of its workforce.
However, this isn't particularly unusual for Tesla, and that company sells hundreds of thousands of cars per quarter.