Xiaomi layoffs: Thousands of tech jobs cut as China's unemployment crisis deepens

Xiaomi, one of the world's largest smartphone makers, has begun layoffs in China at a time when the world's second largest economy is grappling with an enormous unemployment crisis.

source https://www.cnn.com/2022/12/21/economy/xiaomi-layoff-china-tech-unemployment-intl-hnk/index.html