[The Epoch Times, 20 dicembre 2022](Epoch Times reporter Chen Ting’s full report) Recently, the Chinese mobile phone giant was said to “Mile“There will be another wave at the end of the yearresizing. Sources said the layoffs could be as high as 15%. Xiaomi said on Tuesday (December 20) that this wave of layoffs is “staff optimization at the end of the year” and said the actual number of people affected is less than 10% of the total.
According to a report by the South China Morning Post on Tuesday (December 20),MileFor “staff optimization” reasons, in multiple departmentsresizingseveral social media outlets in China have been inundated with posts about the layoffs.
The report quoted Jiemian News as saying in an interview with employees of various departments of Xiaomi,millet companyThe company’s mobile phone department, Internet department, China department, and many other departments have all been abolished, but the degree of dismissal varies between departments. Among them, the rate of layoffs in individual departments in China reaches 75%, and the Internet department also has a team layoff of 40%. Sources estimate that layoffs could reach 15% of the overall workforce.
According to Xiaomi’s financial report, as of September 30, Xiaomi had 35,314 employees, more than 32,609 of them in China. As a result, the latest move could affect thousands of employees, many of whom were newcomers to the company during a December hiring rush.
Xiaomi said in a statement that the recent implementation is the normal year-end staff optimization and organization streamlining, the actual number of optimized staff is less than 10% of the overall number, and the compensation plan for these staff is in compliance also to the requirements of labor law.
The South China Morning Post pointed out that layoffs in Chinese companies are usually carried out in the name of “business optimization” to avoid scrutiny by the labor department. Under Chinese labor law, layoffs involving more than 20 positions must be subject to government scrutiny.
Xiaomi is the fifth largest in the Chinese marketsmartphonessuppliers, with a market share of approximately 13% in the third quarter.
According to Xiaomi’s third-quarter financial report released in November, revenue fell by 9.7% to RMB 70.47 billion (about 10.1 billion US dollars), while net profit decreased by 59%. 1% to 2.21 billion yuan (about 3.17 US dollars).
Xiaomi said about 60% of total salessmartphonesRevenue decreased 11% year over year.
Responsible editor: Ye Ziwei#
