Xiaomi to cut down 15% of jobs
By MYBRANDBOOK
According to media reports, Xiaomi has started laying off employees in its smartphone and internet services business. More than 900 employees have already been impacted by the layoffs that are taking place amid renewed Covid-19 outbreaks in the country.
Other companies in China, like Tencent Holdings and Alibaba Group, have been laying off its employees in recent months as Covid-19 continues to adversely impact the country's economy. According to South China Morning Post, Xiaomi had 35,314 staff as of September this year, and 15 percent of the workforce would be affected by the present bout of layoffs.
Though a spokesperson associated with Xiaomi has said that the "personnel optimisation and organizational streamlining" practice would affect less than 10 percent of the company’s workforce. They also added that the affected have been recompensed as required by local regulations.
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