Chinese smartphone maker Xiaomi denies job cuts as it pushes ahead with EVs, high-end phones

  • Xiaomi, which employs more than 31,000 people, has ‘never conducted any lay-offs’ since it was established 12 years ago, a company spokesperson said
  • The company has also started building its first electric vehicle factory on the outskirts of Beijing, a new investment that is putting pressure on its core smartphone business

Xiaomi MIX 4 smartphones are displayed at a Xiaomi store in Beijing, Sept. 08, 2021. Photo: SCMP/Simon Song

Chinese tech firm Xiaomi, which has an ambitious plan to become the world’s No 1 smartphone brand within three years, has denied reports it is trimming 10 per cent of its payroll amid ongoing investments in electric vehicles (EVs) and high-end phones.

Xiaomi, which employs more than 31,000 people, has “never conducted any lay-offs” since its incorporation in Beijing in 2010, a company spokesperson said on Wednesday, adding that it has about 4,000 job openings.

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