Wei Lai Li Bin Confirms About 10% Layoffs, Delays and Cuts Investment in Projects that Cannot Improve Financial Performance within 3 Years

Tech 2023-11-03 17:21:26 Source: Network

NIO Li Bin Confirms layoffs of around 10%, postpones and reduces project investment that cannot improve financial performance within 3 years. Cailian News Agency, November 3- NIO Chairman and CEO Li Bin today released a letter targeting NIO employees, confirming that NIO will reduce positions by about 10%, and the specific adjustments will be completed in November

NIO Li Bin Confirms layoffs of around 10%, postpones and reduces project investment that cannot improve financial performance within 3 years. Cailian News Agency, November 3- NIO Chairman and CEO Li Bin today released a letter targeting NIO employees, confirming that NIO will reduce positions by about 10%, and the specific adjustments will be completed in November. Li Bin also stated in the letter that the company will ensure long-term investment in core key technologies and maintain leading advantages in technology and products; Ensure sales and service capabilities are able to cope with fierce market competition; Ensure the timely launch of 9 core products from 3 brands. On this basis, merge duplicate departments and positions, transform inefficient internal workflow and division of labor, and eliminate inefficient positions; Resource efficiency improvement, delaying and reducing project investments that cannot improve the company's financial performance within 3 years. (Blue Whale Reporter Xu Hao)

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