Continental Center / Full Report
According to a report by Lu media “Interface News”, Xiaomi employees revealed that Xiaomi will launch a new round of layoffs. This time the layoffs are relatively large, involving multiple departments such as the mobile phone department, the Internet department and the continental The degree of redundancies varies between departments. Among them, some mainland departments have the highest rate of layoffs, reaching 75%, and the Internet department also has team layoffs of up to 40%.
According to the employee, many laid-off employees are relatively satisfied with the “N+2” compensation plan and unused annual leave will be converted into double salary. Some Employees Believe Compensation Plan May Be Better Than Year-End Bonus After receiving “N+2” compensation, an employee with three years of experience said it was more than the normal salary for seven months of work.
In recent years, when new phones from Xiaomi are launched, they often cause a rush to buy. (Photo/Photo taken from Xiaomi’s official website)
According to Xiaomi’s financial report, as of September 30, Xiaomi Group had a total of 35,314 full-time employees, of which 32,609 are in mainland China. It was previously reported that Xiaomi plans to lay off 15% of its employees to reduce labor costs, and the number of layoffs in this round is estimated to reach 6000. According to this figure, the layoff rate is close to 20%. .
According to a reporter for The Paper on December 19 from Xiaomi insiders, “There are indeed layoffs at the end of the year and the legal and compliant process is being followed. The compensation policy is N+2 and the legal year is not used the leave will be converted to double the amount”.
The person said, “The number of layoffs reported in the media is wrong. In fact, it is far from that large. The false data and information comes from an anonymous rumor on the Maimai platform. The company has already obtained evidence and has initiated legal proceedings.
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