Xiaomi confirms layoffs, says less than 10% of workforce affected

Xiaomi, the Chinese technology company, has confirmed that it is laying off a small portion of its workforce as part of an “organisational restructuring and personnel optimisation” process. According to a spokesperson for the company, less than 10% of Xiaomi’s total workforce will be affected by the layoffs. The spokesperson added that those who are being let go will receive compensation in accordance with local regulations.

Earlier, there had been reports that Xiaomi might lay off as much as 15% of its 35,314 employees from various departments. However, the company has now clarified that the number of layoffs will be significantly lower than that.

It is not uncommon for companies to undergo restructuring and personnel optimisation, especially in the fast-changing technology industry. Xiaomi has not provided any further details on the specifics of the restructuring, but it is likely that the company is looking to streamline its operations and become more efficient.

Despite the layoffs, Xiaomi remains a major player in the technology industry, with a wide range of products including smartphones, laptops, and smart home devices. The company has a strong presence in both the domestic Chinese market and overseas markets, and has consistently reported strong financial results. It remains to be seen how the layoffs will impact the company’s operations and future growth prospects.

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