Meizu yet again lays off employees and closes down handful of stores in China

July 29th, 2019   Penny Snow   news Tags:

If the news approaching from China are to be thought, then the phone maker Meizu is in deep waters. Like per the report, what cites the company’s employees, Meizu carried out a fresh spherical of layoffs and the heavily hitten department was marketing.

Meizu again lays off employees

The report, citing Meizu insiders, says that the manufacturer has laid off additional than 30 percent of its workforce this year so far and is now left with just around a thousand employees. Meizu has Furthermore established that its well-known systems engineer Hong Hansheng has also left the Chinese manufacturer.

On the other hand, Meizu, what was touting itself to be a competitor of Huawei and was focusing on expanding its offline presence, appears to be backing down. The company, which had more than 2,700 offline stores at its peak in 2016, is now left with just 5 or 6 this sort of stores in one province.

As we week ago so-called, Li Nan, co-founder and Vice President of Meizu, resigned from the manufacturer announced this month. In the memo broadcasted publicly, he said that he had started taking fewer responsibilities following the launch of the Meizu 16. He did acknowledge that the company is facing challenges but believes things will get better as long like they do not stop improving.

Although Li Nan hasn’t specified which his next step would be, he has uncovered that he is yet focused on the customer market and developing fresh brands. Although departing from Meizu, he thanked his co-workers, investors, and shareholders.

The Blue Charm brand was being headed by Li Nan although Bai Yongxiang became the CEO of the flagship Meizu brand. Huang Zhang was leading the gadget design efforts. Hong Hansheng, on the other hand, was delivering the Flyme OS development. Whereas all was decent, the manufacturer couldn’t compete with the top OEMs in terms of profits.

Meizu was co-founded by Li Nan alongside with Bai Yongxiang who is the current CEO, and Huang Zhang (Jack Wong). Initial, the manufacturer was started as an MP3 player manufacturer prior switching to smartphones in 2008. Although the company’s portfolio is currently diverse, phones remain Meizu’s major source of income. Last year, Meizu Additionally celebrated its 15th anniversary.

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