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Xiaomi insiders responded to layoffs at the end of the year: the scale is far from that large.

2025-02-26 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

CTOnews.com December 20 news, there was news yesterday that Xiaomi began a new round of layoffs, the overall intensity of this round of layoffs is not clear, according to estimates or 15%.

However, Xiaomi insiders told the Observer that there were layoffs at the end of the year, and the process of legal compliance was fulfilled, and the compensation policy was indeed Never2, as well as the conversion of double the amount of outstanding legal annual leave. But the current media reports on the number of layoffs are wrong, in fact far from such a large scale, the data and false information come from an anonymous rumor on the pulse platform, Xiaomi is said to have taken evidence and started legal proceedings.

CTOnews.com learned that Xiaomi Group's smartphone business revenue was 42.514 billion yuan in the third quarter of this year, down 11.1% from a year earlier. Affected by this, Xiaomi's total revenue for the quarter was 70.474 billion yuan, down 9.7% from the same period last year; the adjusted net profit was 2.117 billion yuan, down 59.1% from the same period last year. According to the financial report, as of September 30 this year, Xiaomi Group had 35314 full-time employees, of whom 32609 were located in Chinese mainland.

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