EV startup Rivian, delivery firm FedEx, and sports-betting company DraftKings announced layoffs on Wednesday.  Rivian said it was laying off 6% of its workforce, or about 840 employees, to conserve cash as it prepares for a potential price war in the EV industry. FedEx announced it was laying off more than 10% of its global management staff amid a shipping slowdown. The delivery firm did not provide details on the number of jobs being cut. In June, FedEx laid off 12,000 U.S. workers and closed 90 FedEx office locations in September. As of December, FedEx had more than 550,000 employees globally. Draft Kings announced it is cutting 140 jobs, or 3.5% of its workforce, as part of a reorganization.