Xiaomi Corp has started laying off workers in several units of its smartphone and internet services business, reducing its workforce by about 15%, the South China Morning Post reported on Tuesday.

The Hong Kong newspaper cited social media posts by affected employees and local Chinese media, saying China’s social media platforms, including Weibo, Xiaohongshu and Maimai, have been flooded with posts about the job cuts.

Xiaomi had 35,314 staff as of Sept. 30, the paper reported, with over 32,000 in mainland China, and the latest move could affect thousands of workers, many of whom have just joined the company during a hiring spree that began in December last year.

However, the company on Tuesday has said that it is implementing organisational restructuring and personnel optimisation that will affect less than 10 per cent of its total workforce. Those affected have been “compensated in compliance with local regulations,” the spokesperson was quoted saying by IANS.

Xiaomi in November reported a 9.7% fall in third-quarter revenue, hit by China’s COVID-19 restrictions and softening consumer demand. Revenue from smartphones, which make up roughly 60% of its total sales, fell 11% year-on-year, Xiaomi said.

Xiaomi is preparing for its first big launch of 2023 in India, with the new Redmi Note 12 lineup launching on January 5 in the country. The company has been sharing teasers of the phone’s features, and many expect the new devices to be focused on mid-range buyers.

SOURCE:https://brandspurng.com/2022/12/21/xiaomi-fires-900-employees-to-slash-15-of-jobs-globally/

FTC

I dedicate this to our incoming president Peter Obi


As for the topic above what can I say, it’s Tinubu’s fault

Way to go

Issokay!!!

Oooopss.

The economy of the world is fvcked up right now due to many factors which include.

Russo Ukraine war
Pandemic
Osu Asia development

Nawa o

Ok

China

90% of nairalanders can't pronunce the name without hitches

Is there country also hard?

Wahala

B

New year, new job.

Sad, but it is what it is.

Only fools are loyal to any company.

Problem

beejay509:
A

B

Austerity measures

That's so serious

It's long overdue

Xiaomi no good like before again.
Xiaomi that now produces shitty phones.
From deadboot, to network-IC issue, to DEAD panel.

One of the best smartphone companies in the history of smartphone manufacturing. They need to do far more labour optimisation and cost cutting than other competitors because Xiaomi makes less profit per phone sale than many of its competitors. It's the only company that manages to fit flagship components in midrange devices and still make them less than $399, making less than 10% profit in some occasions.

Good riddance...

beejay509:
FTC

I dedicate this to our incoming president Peter Obi


As for the topic above what can I say, it’s Tinubu’s fault

You need to see your doctor sir. Urchins are coming for you... Watch you head

That's the main reason you should strive and get your own business.

The unexpected can happen anytime

God have mercy

Butterpie123:
Way to go

Way to go?

Noted.

The way forward right now is to work for your company without the fear of being retrenched.