Nio’s CEO William Li Denies New Layoff Plans Amid Social Media Rumors.
Nio (NYSE: NIO) has denied recent rumors suggesting new layoff plans, following discussions on Chinese social media. In response to foreign bloggers’ claims of impending layoffs, Nio clarified on its mobile app that CEO William Li is unaware of any such plans.
The company is gearing up for an April 20 launch event at 2:00 pm Beijing Time to unveil its comprehensive intelligent driving system.
Speculation arose earlier today on Weibo, referencing rumors from other platforms, indicating a potential second round of layoffs at Nio, attributed to market challenges similar to those faced by Tesla (NASDAQ: TSLA). Last November, Nio underwent organizational optimization, reducing its workforce by approximately 10% to enhance operational efficiency amid market pressures.
Following the completion of these layoffs in November, Nio emphasized a commitment to making strategic market adjustments without immediate plans for further workforce reductions.
Stay tuned for updates from Nio’s upcoming event, where details about its latest innovations will be revealed.
