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Xiaomi fires over 900 employees amid revenue drop: Report
short by Ridham Gambhir / on 21 Aug 2022,Sunday
Xiaomi has reportedly fired over 900 employees as its revenue dropped nearly 20% in the June quarter. A report said that the layoffs account for nearly 3% of Xiaomi’s workforce. Hit by COVID-19 restrictions, the company’s sales fell 20% year-on-year to 70.17 billion yuan, marking a decline from its previous quarter when it posted its first revenue drop since listing.
short by Ridham Gambhir / 11:15 am on 21 Aug
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