Job Cut: This company fired 900 employees, 32 thousand tech workers also lost their jobs in America.

Smartphone maker Xiaomi has fired 900 of its employees. According to media reports, the company has decided to lay off three percent of its employees from the company to deal with the economic slowdown. However, this has not been officially confirmed by Xiaomi yet. Let us tell you that in the last few months, due to the fear of global recession, many big companies of the world have laid off employees. These companies also include big tech companies like Apple and Microsoft.

Companies doing business in India have also thrown their employees out of the company during the last few months. Let us tell you that due to the ongoing war between Russia and Ukraine, the supply chain of the world has been badly affected. Due to this, the danger of recession is looming over the whole world. People around the world are facing unprecedented inflation. In order to deal with inflation, the central banks of many countries of the world, including the Reserve Bank of India (RBI), have decided to increase interest rates.

Tech companies fired 32000 people from jobs

According to media reports, the figures of companies providing information on private companies make it clear that as of last July, more than 32,000 technical workers in America have been fired from their jobs. Companies such as Microsoft and Meta (Facebook) are also included in the companies showing the way out of employees.

Xiaomi’s revenue down

According to media reports, the revenue of smartphone maker Xiaomi has come down to 70.2 billion yuan in the second quarter of the year. It registered a decline of 20 per cent as compared to the company’s revenue in the same month last year. There has been a sharp decline in this compared to the previous quarter. It is being told that in view of this, the company has decided to lay off three percent of its employees.