News > Tech layoffs: Chinese phonemaker Xiaomi confirms 10% of its workforce will be slashed
Tech layoffs: Chinese phonemaker Xiaomi confirms 10% of its workforce will be slashed

21/12/2022 12:21 PM | Click to read full article
Global technology brand Xiaomi on Tuesday said that the company is implementing organisational restructuring and personnel optimisation that will affect less than 10 per cent of its total workforce. Earlier reports claimed that Xiaomi may cut 15 per cent of its workforce amid Covid lockdowns in China and rough global macroeconomic conditions.