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XIAOMI INDIA LAYOFF
OnePlus, Xiaomi among firms trimming marketing and sales roles in India amid cost pressureSmartphone companies are reducing staff in marketing and sales. Rising costs and slower sales are pushing brands to cut expenses and focus ...- Samsung India posts slower revenue growth for FY24; cost controls boost profitSamsung India Electronics' revenue grew by a mere 4% in FY24, reaching Rs 102,626 crore, marking its slowest growth in eight years. This sl...
- ET Exclusive: Samsung India to lay off over 200 executives with business slowing downSamsung Electronics is set to lay off over 200 executives in India due to slowing business growth and declining consumer demand. The layoff...
- RBI bars Paytm’s services; Wipro to cut hundreds of jobsIn a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all bank...
- Salary hikes low at handset companiesSome smartphone brands had put a section of underperforming employees under performance-improvement plans, many of whom eventually left the...
- Things aren’t as bad as you think: Byju Raveendran tells employees; I-T dept follows social media influencersDespite his eponymous edtech facing a series of setbacks, founder and CEO Byju Raveendran struck a determined and optimistic note in a virt...
- Xiaomi India to rejig operations, bring headcount to below 1,000The layoffs come with the company rejigging its internal structures, with most of the decisions now being taken by the Chinese parent - a c...
- Crypto will spark next financial crisis, says RBI guv; digital sector outpaced overall economy by 2.4x in 2014-19: studyCryptocurrencies will be responsible for the next financial crisis if allowed to proliferate freely, Reserve Bank of India governor Shaktik...
- Court relief for Xiaomi India, frees Rs 3,700 cr FDs, sets conditions“The impugned provisional attachment order at Annexure-A dated 11.08.2022 passed by the 1st respondent in respect of the subject fixed depo...
- Layoffs define tech in 2022; govt weighs in on moonlighting debateWhat goes up must come down. The tech world re-learned this old lesson the hard way in 2022 after two years of unprecedented growth, during...
- Xiaomi fires 900 employees, to slash 10% of jobs globally: ReportThe termination comes after several companies, including Facebook-parent Meta, Elon Musk’s Twitter, and Microsoft, announced layoffs recent...
- Chinese smartphone brands press pause on next year's plansSmartphone brands begin their planning and projections for the next year from October-November, said Navkendar Singh, associate vice presid...
- Xiaomi India operates as a reseller and distributor of mobiles, no question of paying royalties: ED counsel to HCThe ED counsel's arguments surfaced on the judgement copy that was released by the single judge bench of Justice SG Pandit who disposed of ...
- It's business as usual at Xiaomi India, no job cuts: Industry executiveThe company is presently waiting for the written order from the Karnataka High Court that directed the competent authority under FEMA to he...
- Phone, appliance plants to go festive a month earlyDemand for these has been strong as the second wave has receded and companies see this trend persisting. Most have placed orders for compon...
- Retailers say sales at 45-50% of pre-Covid as sentiments down and store operations impactedSales in retail stores was at 45-50% of pre-Covid weekly average in the last week when relaxations were given to sell everything across Ind...
- Fintech lenders turn tap off to new customers, conserve cashEarlySalary, KreditBee and LoanTap are focusing only on servicing their existing clients and collect the loans back, in a bid to survive th...
- Covid-19 Impact: Handset cos cut store handsHandset companies in India have started reducing their retail store workforce, or in-store promoters, in the absence of sales during the on...
- Boxed in by Chinese rivals, Samsung to sack 1,000 in India150 already laid off at telecom networks division; manpower rationalisation to be completed by October.
- LeEco fires 85% staff of Indian unit, may exit IndiaTwo top executives — Atul Jain and Debashish Ghosh, chief operating officer for Internet applications, services and content — have resigned...
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