{"id":324441,"date":"2022-12-20T09:31:05","date_gmt":"2022-12-20T09:31:05","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=361363"},"modified":"2022-12-20T09:31:05","modified_gmt":"2022-12-20T09:31:05","slug":"xiaomi-to-cut-workforce-by-up-to-15","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2022\/12\/20\/xiaomi-to-cut-workforce-by-up-to-15\/","title":{"rendered":"Xiaomi to cut workforce by up to 15%"},"content":{"rendered":"

<\/p>\n

\tA week after unveiling its latest flagship [1] series Chinese vendor Xiaomi prepared to trim its workforce of more than 32,000 in China, as global and local demand for smartphones remains weak.<\/p>\n

South China Morning Post, citing mainland sources, reported the vendor sent staff across multiple departments redundancy notices, with the cuts to reduce its payroll by up to 15 per cent.<\/p>\n

The vendor’s smartphone revenue in Q3 fell 11 per cent [2] year-on-year to CNY42.5 billion ($6.1 billion), with shipments declining 8.4 per cent to 40.2 million units. It booked a net loss of CNY1.5 billion, down from a profit of CNY788.6 million a year earlier.<\/p>\n

Xiaomi was hit by anaemic domestic consumer demand due in part to widespread Covid-19 (coronavirus) restrictions in China, which also caused supply chain disruptions.<\/p>\n

Globally, Q3 shipments across the industry decreased [3] 9.2 per cent year-on-year to 297.2 million, marking the fifth consecutive quarter of annual decline, Strategy Analytics reported. China\u2019s smartphone sales in the quarter fell 12.4 per cent [4] from a year earlier, its sixth consecutive quarterly decline, data from Counterpoint Research showed.<\/p>\n

IDC predicted in early December worldwide shipments in 2022 would decline 9.1 per cent [5] to 1.2 billion units.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/devices-home-banner\/xiaomi-continues-camera-focus-for-latest-flagship\/
\n[2] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/xiaomi-feels-effects-of-waning-smartphone-demand\/
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/devices-home-banner\/strategy-analytics-cautious-on-q4-smartphone-demand\/
\n[4] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/china-smartphone-woes-continue\/
\n[5] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/smartphone-shipments-remain-sluggish\/<\/p>\n\n

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A week after unveiling its latest flagship series Chinese vendor Xiaomi prepared to trim its …<\/p>\n

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