Rivian Automotive Downsizes Workforce
Rivian Automotive, an electric vehicle manufacturer, has recently eliminated approximately 140 positions, as reported by TechCrunch on Thursday. The layoffs primarily affected the company’s manufacturing team and have been ongoing since Wednesday, according to sources.
A Rivian representative did not specify the exact number of job cuts but mentioned that they represent about 1% of the company’s total workforce. The affected employees are “eligible for rehiring,” according to the spokesperson.
Lamosa Plants Receive Environmental Certification
Grupo Lamosa, a company specializing in the manufacturing and distribution of ceramic coatings and adhesives, announced that its Baldocer plants in Spain have received the ISO 17889-1 certification. This international standard evaluates ceramic coating sustainability based on environmental, social, and economic criteria.
The certification acknowledges responsible production, efficient resource use, emission reduction, and compliance with responsible labor practices. It also includes voluntary actions such as material recycling and renewable energy use, among others.
Corporativo GBM to Pay Anticipated Bond
Corporativo GBM, Mexico’s leading brokerage house with the most investment accounts, announced it will pay a bond issued in 2021 early.
The company will pay 1,200,000 Mexican pesos (approximately $63,593 USD) on June 3 for the “GBM 21” bond, issued on February 18, 2021. The operation depends on the placement of another bond in the local market.
The total anticipated bond redemption is subject to approval from the National Banking and Securities Commission for a new issuance of long-term certificates.
Vambe Thrives in Mexico
Less than a year after arriving in Mexico, Chilean startup Vambe has become one of the fastest-growing AI companies in Latin America, reaching $3 million in annual recurring revenue (ARR) in the region.
The Mexican market now accounts for 30% of Vambe’s total operations, expected to grow to over 40% of the company’s revenue by the end of 2025, surpassing an estimated $5 million in Latin American countries where it operates. This growth is driven by the launch of new solutions.
By introducing tools focused on enhancing customer service, Vambe refines its AI-based software ecosystem that automates, manages, and simplifies business operations in sales, marketing, and customer service areas. The company’s approach aims to make AI simple and effective, enabling businesses to improve customer experiences, cut costs, and make data-driven decisions in real-time.
Key Questions and Answers
- What is Rivian Automotive? Rivian Automotive is an electric vehicle manufacturer that recently downsized its workforce by approximately 140 positions.
- What is Grupo Lamosa’s environmental certification? Grupo Lamosa’s Baldocer plants in Spain received the ISO 17889-1 certification, which evaluates ceramic coating sustainability based on environmental, social, and economic criteria.
- What is Corporativo GBM’s early bond payment? Corporativo GBM will pay an early amount for the “GBM 21” bond issued in February 2021, subject to another bond placement in the local market.
- What is Vambe’s growth in Mexico? Vambe, a Chilean AI startup, has rapidly grown in Mexico, reaching $3 million in annual recurring revenue and expecting further growth to surpass 40% of its total Latin American revenue by 2025.
