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Chinese Smartphone Maker Xiaomi Lays Off 3 Percent of Workforce, Cuts Over 900 Jobs

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(Photo : NICOLAS ASFOURI/AFP via Getty Images) The Xiaomi logo is seen in a Xiaomi shop in Beijing on November 7, 2018. (Photo by Nicolas ASFOURI / AFP) Employees of Chinese smartphone company Xiaomi were fired over the past three months as Xioami continues to witness a decline in sales. A South China Morning Post report states that the Chinese company has already slashed close to a thousand jobs, almost three percent of its current workforce. June Quarter Revenue Crash Triggers Xiaomi Workforce Cut The company claimed that the employee layoff took place because of the struggles in revenue that…

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