Xiaomi India President refutes layoff rumours, says not firing any employee in 2023

• In other words, Xiaomi won't be firing any workers in India this year.
• The company would prioritise profitability, according to the president of Xiaomi India.
• This business is hardly the only one that is being circumspect about layoffs.

Contrary to recent rumours indicating a big reorganisation, Xiaomi India's President, Muralikrishnan B, has firmly asserted that the company will not be laying off staff in India this year. He emphasised the company's focus on profitability in response to worries about falling market share and operational effectiveness.

There were rumours of layoffs after earlier reports suggested Xiaomi India planned to decrease its employment to less than 1,000 workers. According to reports from some former Xiaomi employees, the business had already laid off about 30 people and has further job cutbacks planned. Muralikrishnan, insisting that no pink slips were being issued, angrily refuted these allegations.

He highlighted to Economic Times that in order to ensure effectiveness and role clarity, organisational restructuring may occasionally be required to match with the company's strategic goals. He emphasised, however, that any rumours regarding firing employees were untrue and emphasised the significance of maintaining the appropriate structure to successfully implement the company's plan.

"You will rearrange your organisation as needed to meet the needs of the plan in the interests of efficiency and role clarity. And we have done so and will continue to do so. I will categorically refute any claims that we have fired any employees," Muralikrishnan stated.

There is an approach. There is a framework that must be used with this tactic. And that is the correct structure that we will employ as long as it is optimised and effective to execute that goal, he continued.

Additionally, Muralikrishnan talked on Xiaomi's growth in the offline retail market. The company wants offline sales to account for 60% of all of its revenues by 2020. He underlined initiatives to increase retail margins and maintain price consistency in order to foster confidence in their sales channels while expressing optimism about the development possibilities in the offline market.

It's interesting to note that Xiaomi is not the only business avoiding layoffs. Tim Cook, the CEO of Apple, indicated a similar viewpoint, saying that the tech company views mass layoffs as a "last resort." While Apple is making efforts to minimise expenses, it is mostly slowing down its hiring rate rather than implementing significant job cutbacks.

Cook emphasised that Apple is actively looking for methods to reduce excessive spending and is exceedingly cautious in its recruiting practises. While closely examining its expenses to find places where savings might be made, the company keeps hiring, albeit at a slower rate.