Nothing confirms layoffs, but calls market exit rumors ‘fake news’

raw | Photo: Dominic Preston / The Verge

In effect to a report that Nothing is readying to "exit 12 markets arsenic planetary shipments decline," Nothing cofounder Akis Evangelidis said the institution is "reorganizing" and laying disconnected immoderate of its staff, but that "the reported numbers are mode overblown." Evangelidis disputed a assertion astir underwhelming income for Nothing's Phone 4B, saying it "sold 29,537 units connected Day 1 only, breaking records successful its terms segment."

He besides said Nothing isn't shutting down successful immoderate markets, and is alternatively "consolidating" its operations into determination hubs arsenic good arsenic introducing an "AI-native" concern unit.

The update comes arsenic rising constituent prices compression the …

Read the afloat communicative astatine The Verge.