Sunday, November 24, 2024

Xiaomi India to rejig ops, slash headcount

Wednesday, June 28, 2023, 18:04
This news item was posted in Business category and has 0 Comments so far.

Xiaomi India is slashing its headcount to less than 1,000 amid an organisational rejig, a slump in market share, and intense scrutiny by government agencies, several past and present employees told ET. Xiaomi India, which employed 1,400-1,500 at the start of 2023, laid off around 30 in the past week or so, and more are likely to be given the pink slip in the coming months, employees said.They said the business restructuring has vested most of the decision making in the hands of the Chinese parent, and that the company has been steadily reducing headcount since the start of the year.A Xiaomi India spokesperson said the headcount decisions were a function of business outlook, and that the local Indian leadership has been “empowered”.”As with any company, we take headcount decisions based on the market’s state and business projections,” Xiaomi said, adding that the firm continues to hire “when and where needed”.Another senior executive said the leadership team was nudged to designate a part of their teams for a performance improvement plan. These employees could then be let go on performance grounds.The layoffs come with the company rejigging its internal structures, with most of the decisions now being taken by the Chinese parent – a change that several employees said was at the heart of the company’s slipping market share.

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