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Wireless

Meizu to scrap 200 jobs by mid-Feb

Tuesday 5 January 2016 | 08:44 CET | News
Chinese phonemaker Meizu is looking to eliminate 200 out of its 4000 staff (5%) by mid-February, to reach almost 10 percent by year-end, Bloomberg reported, citing spokesman Li Nan. Chief Executive Officer Bai Yongxiang told employees he drew inspiration from a "20-70-10" vitality model espoused by former General Electric chairman Jack Welch, intended to take out the bottom 10 percent of performers, Li said.

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Categories: Mobile & Wireless
Companies: Meizu
Countries: China
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