Xiaomi layoffs: Thousands of tech jobs cut as China's unemployment crisis deepens | CNN Business

. The Chinese company’s decision to slash jobs comes soon after tech giants across the world, including Meta and Twitter, have laid off thousands of workers. The Beijing-based firm recently conducted a “routine personnel optimization and organizational streamlining,” a Xiaomi spokesperson told CNN. The measure affects less than 10% of its total workforce, the person added.

Job prospects for young people are especially gloomy. The jobless rate for those aged 16 to 24 reached 17.1% in November, hovering near July’s record level of 19.9%. The situation could become worse next year, as 11.6 million college graduates are expected to enter the job market — a fresh record, according to the education ministry last month.

This is a company that participated in the overthrow of the former regime ROC, 'XIAOMI & rifles defeated KMT and brought victory', Mao said in his books.

Shut down your economy again and again. . . Your economy suffers? Huh.

小米这是顺势而退哈，看穿了吗？ccp说的天花乱坠也不再中计，躺平蓄势待发吧。

People DO NOT want to buy Made in China Nor Made by Chinese as they are Toxic Poor Quality,Waste of Money, Spyware,Companies Do Frauds,Hacking,Serious threat Do Coercion to all Nations Integrity,Democracy, freedom due to Bad Human Rights Record,Atrocities on Tibet Hongkong Taiwan

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