Mass layoffs at Xiaomi: the company plans to lay off 3,500 employees

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Chinese mobile phone and other electronic device manufacturer Xiaomi plans to lay off 10% of its workforce, equivalent to approximately 3,500 employeesas reported by several local media, citing a company spokesperson.

According to the company, the decision is “organizational fit and staff optimizationXiaomi emphasized that those affected by the layoffs are covered by the compensation determined by the local legislation of each country.

Chinese company registered 1,476 million yuan (201 million euro) lost Compared to the attributable net profit of 792 million yuan (108 million euro) recorded in the third quarter of 2022 for the same period of 2021. On the other hand, the producer’s revenue between July and September reached 70,474 million yuan (9,596 million euro). ), 9.7% less than a year ago.

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