The Xiaomi logo is seen on a smartphone box, September 28, 2021. Photo: Reuters
The Xiaomi logo is seen on a smartphone box, September 28, 2021. Photo: Reuters
Smartphones

Chinese smartphone maker Xiaomi cuts over 900 jobs, nearly 3 per cent of its workforce, as revenues shrink 20 per cent

  • In the June quarter, net income fell 83.5 per cent to 1.4 billion yuan, compared with a profit of 8.3 billion yuan the same period last year
  • Smartphone shipments decreased 26.2 per cent, primarily due to global macroeconomic headwinds and the resurgence of Covid-19 in China

The Xiaomi logo is seen on a smartphone box, September 28, 2021. Photo: Reuters
The Xiaomi logo is seen on a smartphone box, September 28, 2021. Photo: Reuters
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