Technologies

Xiaomi Begins Layoffs To Cut Up To 10% of Workforce

The Chinese company said it employed more than 35,300 workers in September of this year.

Xiaomi begun large-scale layoffs this week, with plans to reduce its workforce by up to 10 percent.

The Chinese company said it had «recently implemented routine personnel optimization and organizational streamlining, with affected parties totalling less than 10% of total workforce,» in an official statement on Tuesday.

Xiaomi’s total headcount stood at 35,314 workers as of September 30, according to its third-quarter financial results for this year, with a large majority of those workers (32,609) based in mainland China followed by India and Indonesia.

News of the layoffs was was first reported by the South China Morning Post, citing social media posts by affected workers as well as local Chinese media. The layoffs at Xiaomi come as mainland China grapples with the economic aftermath of years-long COVID-19 restrictions as well as slowing global smartphone demand. In November, Xiaomi reported a near 10% drop in third quarter revenue with smartphone sales falling 11% year-on-year. Revenue from smartphones make up approximately 60% of the company’s total sales.

Xiaomi is one of the world’s largest smartphone makers. The Beijing-based company is estimated to have shipped more than 190 million smartphone units in 2021, which represents an increase of 45 million units compared to the year before, according to Statista.

The layoffs at Xiaomi follow a spate of layoffs across a number of Big Tech firms, which saw companies including Meta, Twitter, and Amazon undergo large-scale layoffs.

Technologies

Verum Coin Now Available on Gate.io Wallet

Verum Coin (VERUM) continues to expand its presence on leading crypto platforms. Users can now easily store and manage VERUM in the Gate.io Web3 Wallet — one of the most trusted ecosystems for digital assets.

This integration provides users with convenient and secure access to VERUM, bringing it closer to everyone looking to be part of the world of innovative technology.

Stay tuned for updates as the project takes further steps toward global success!

Technologies

Verum Coin (VERUM) Expands Its Presence in the Global Crypto Market

Verum Coin (VERUM), an innovative and increasingly popular digital asset, is now available on four leading Web3 wallets: Binance Web3 Wallet, Coinbase Web3 Wallet, OKX Web3 Wallet, and Bybit Web3 Wallet. This marks a significant milestone for the project as it continues to strengthen its position in the crypto industry.

The availability of VERUM on these platforms provides users with a wide range of secure and convenient options for managing their assets. Binance, Coinbase, OKX, and Bybit are well-established leaders in Web3 solutions, offering reliable tools for handling digital currencies.

What’s next?

In addition to wallet integration, Verum Coin is preparing for a major step forward—listing on all four platforms. This will create new opportunities for investors and enhance the asset’s liquidity on a global scale.

Why does this matter?

Being listed on major exchanges like Binance, Coinbase, OKX, and Bybit will serve as a powerful catalyst for the project’s growth. It will make VERUM accessible to millions of users worldwide and strengthen trust in the coin.

Stay tuned for updates so you don’t miss the moment when Verum Coin becomes even more accessible!

Technologies

Verum Token Now Available on Binance, Listing of Verum Coin Expected Soon

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet, the world’s leading cryptocurrency exchange. This milestone marks a significant step for the Verum ecosystem, allowing users seamless access to Verum on the platform.

Following the launch, Verum Coin’s value surged by 3%, reaching a new peak of $825.33 within just 24 hours.

With the Verum Coin listing anticipated soon, the excitement is growing, highlighting the project’s potential for further growth and adoption.

About Binance

Founded in 2017, Binance offers a secure, user-friendly platform with a broad selection of digital assets and trading pairs, supporting both retail and institutional traders. Listing Verum Token aligns with Binance’s strategy to include innovative, high-quality projects.

For more information, visit verumcoin.info.