Xiaomi India is undergoing significant operational restructuring, aiming to reduce its workforce to below 1,000 employees. Starting with around 1,400-1,500 staff at the beginning of 2023, the company has already laid off approximately 30 people recently, with more job cuts expected in the coming months. This reduction represents a significant portion of its workforce as part of a broader organizational rejig. The layoffs, occurring in June 2023, are driven by a slump in market share, particularly in the budget smartphone segment where demand has weakened, and increased scrutiny from government agencies. As a major player in the electronics and consumer products industry, Xiaomi India is centralizing decision-making with its Chinese parent company, reflecting challenges in the competitive smartphone market.
