Xiaomi Denies Laying off 90% of Employees over the Age of 35 at Wuhan Headquarters

On May 14th, experiences surfaced that Xiaomi’s Wuhan headquarters had laid off 90% of staff over the age of 35. However, Wang Hua, General Manager of Xiaomi‘s Public Relations Department denied these experiences.

Xiaomi‘s Wuhan headquarters has a number of job openings out there on the recruitment software program, together with positions for visible algorithm engineers, internet front-end engineers, and operator channel managers.

Xiaomi, a number one international smartphone producer, has headquarters in Beijing and Wuhan. The Wuhan location was inaugurated on June 29, 2017 and generated a manufacturing worth of 10.5 billion yuan ($1.5 billion) in 2018.

Liu Guojun, the General Manager of Xiaomi‘s Wuhan headquarters, introduced that the new facility will home staff from Xiaomi, Kingsoft and Shunwei Capital who’re concerned in core companies comparable to AIoT, large information, cloud providers, e-commerce, new retail, workplace software program, abroad analysis and improvement and monetary funding. The (*35*) of Xiaomi, Lei Jun, has expressed his want to rework Wuhan into a brilliant giant R&D headquarters for Xiaomi and a expertise hub for synthetic intelligence in the subsequent decade. He goals to accommodate 10,000 staff at the headquarters in the future.

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Xiaomi‘s latest financial report reveals that in 2022, the company’s whole income was 280 billion yuan, which is a year-on-year lower of 14.7%. Additionally, the adjusted internet revenue for the similar interval was 8.5 billion yuan, representing a year-on-year decline of 61.4%. The decline in Xiaomi‘s efficiency might be attributed to numerous components comparable to the turbulent macro surroundings and a stoop in the smartphone business throughout that 12 months.

During a convention name held in March, William Lu, Partner and President of Xiaomi, candidly said that international smartphone shipments had dropped by 11.7% YoY in 2022, being their lowest level since 2014. Although it’s anticipated that there can be some restoration inside the shopper electronics market by 2023, dangers and challenges nonetheless exist and full restoration might take a while.

According to the monetary report, as of December 31, 2022, Xiaomi had a complete of 32,543 staff. This represents a lower of 2,798 staff in comparison with the finish of the third quarter of 2021. Notably, there was a discount of 2,642 staff particularly inside China.

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