Xiaomi cuts over 900 jobs as revenues shrink 20 percent
Tracy Qu, South China Morning Post
Posted at Aug 21 10:05 AM
In the June quarter, net income fell 83.5 percent to 1.4 billion yuan, compared with a profit of 8.3 billion yuan the same period last year. Smartphone shipments decreased 26.2 percent, primarily due to global macroeconomic headwinds and the resurgence of COVID-19 in China. Read more »