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

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Appeals court rejects China Telecom bid to reverse US ban | CNN BusinessA federal appeals court on Tuesday rejected China Telecom Corp’s challenge to a Federal Communications Commission order withdrawing the company’s authority to provide services in the United States. Tweets or statements are not enough, do as in Ukraine, impose sanctions on Rwanda, suspend the embargo (notification) for the DRC, and support the armament of the DRC-CONGO. The DRC is a victim but Kabila and his Tutsi brothers had chosen to weaken the DRC through it. China needs to act like a mirror. Prohibit US business in their territories, including Taiwan. Country of Nucleic Acids: Telling about nucleic acid and China's lockdown by 007 red (Author) Telling about nucleic acid and China's lockdown The author is the mysterious YouTuber 007 This book takes you to understand the reality of China If you like
Source: cnni - 🏆 326. / 59 Read more »