Xiaomi plans to cut 10% of its staff. Some reports prompted the company to take such a step against the background of profit growth on the eve of the New Year holidays.
The Financial Times published the information, citing the internal message of the head of Xiaomi, Lei Jun, to the company's employees. It is also reported that two top managers and the president of Xiaomi, Wang Xiang, will leave their positions. It is probably related to the company's financial losses in the fourth quarter.
