China's Xiaomi Corp has started laying off workers in its smartphone and internet services business, joining a long list of Chinese tech firms cutting jobs as the country battles COVID-19 outbreaks.
Staff members stand near the company logo at a Xiaomi store in Shanghai, China November 1, 2021. Picture taken November 1, 2021. REUTERS/Aly Songhas started laying off workers in its smartphone and internet services business, joining a long list of Chinese tech firms cutting jobs as the country battles COVID-19 outbreaks.
A company spokesperson said on Tuesday that its "personnel optimzation and organizational streamlining" practice would "affect less than 10% of total workforce", adding that those affected have been compensated in compliance with local regulations. China's social media platforms, including Weibo, Xiaohongshu and Maimai, have been flooded with posts about the job cuts this week. Chinese local media first reported on Monday that the job cut would affect 15% of Xiaomi's payroll, citing unnamed sources.
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