Xiaomi, the Chinese tech giant is severely reshuffling their employees in India in recent times. The headcount now stands at about 1000, which was about 1400 to 1500 previously.
According to reports, the past week saw Xiaomi India let go of about 30 people.
This comes in as a response to Xiaomi experiencing market share decline and scrutiny from the local government. Reports are further suggestive of the fact, that more employees will follow in the near future.
The year 2023, saw Xiaomi India cutting off employees since the year started. Although the news doesn’t come in as a surprise to the market, the company is of the opinion that they will hire back employees when the time and need arises.
A Xiaomi India spokesperson responded to Economic Times, “As with any company, we take headcount decisions based on the market’s state and business projections.”
Additional statements by a senior executive brought to light that the brand’s leadership team was requested to designate a part of the team for a performance review. This review would clear the employee’s way for termination based on their individual performance.
Xiaomi is one of the tech companies, which was offering employment opportunities to an appreciative number of individuals. The brand’s present move would have repercussions on the employees being cut off.
It hasn’t been stated yet what the brand is doing to ensure further security of these employees.
