Why did Chinese smartphone Company Xiaomi Fire 3% of the workforce?  a decline in its revenue in the Previous Month

Xiaomi faced a major decline in its workforce in the Previous Month

Around 3% of their total workforce lost their jobs This year

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The major reason behind is that a steady declines in company sale revenue

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Company revelas that their sales rapidly decline in the past years

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Even it is still declining with the passing of time. nearly from 70 billion Yuan or $10 billion yuan

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The cause behind this loss problem is that China's Economy drop down in July

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Which impact In the Chinese market to make sales and it's looking too difficult because demand is poor

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Secondly, the largest mobile marketing country India imported heavy taxes on their products

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This problem directly put impact on workers and fired out from company

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