Amid Covid havoc in China, Xiaomi may lay off 15% of its workforce

Xiaomi had 35,314 employees as of September 30, with more than 32,000 in mainland China

December 20, 2022

Chinese smartphone company may sack 15% of its workforce from multiple departments

Chinese smartphone maker Xiaomi may lay off workers from multiple departments, as it aims to reduce 15 percent of its workforce amid the rough global macroeconomic conditions and local COVID-19 lockdowns, the South China Morning Post reported.

The news of the layoffs comes as Xiaomi’s financial performance has been under pressure in 2022. The Beijing-based tech giant started laying off workers this year amid weaker sales due to COVID-19 lockdowns in China and slower consumer spending. It is estimated that the number of layoffs in this round may reach 6,000.

The extent of the layoffs is unknown and “Xiaomi declined to comment”, according to the report that came out late on Monday. According to a report by the Chinese media outlet Jiemian, Xiaomi will cut jobs in several units of its smartphone and internet services business. Gizmo China reported that some departments have seen layoffs of up to 75 percent, while others have had around 40 percent of their teams cut.

Xiaomi had 35,314 employees as of September 30, with more than 32,000 in mainland China.

The report cited several social media posts by affected Xiaomi employees and local Chinese media reports. China’s social media platforms, including Weibo, Xiaohongshu, and Maimai, have been flooded with posts about the reported Xiaomi job cuts.

[With Inputs from IANS]

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