Meizu reduced 30% of employees and closed almost all stores in China

Judging by the news from China, the company Meizu now is not the best of times - she again began to lay off employees.

What happened

According to the report, most people were fired frommarketing department. This year, the company has reduced more than 30% of its employees and now there are about 1,000 left. Meizu confirmed that system engineer Hong Hansheng also left the company.

Meizu, who called herself a competitor to Huawei andwas focused on expanding the number of stores, seems to be losing ground. In 2016, the company had more than 2,700 offline stores, now there are 5-6 left in one province.

Li Nan, co-founder and vice president of Meizu, quitfrom the company in early July. He said that he began to take on less responsibilities after the release of Meizu 16. Lee confirmed that the company really started having problems, but believes that things are still improving. Although for a while everything was fine, Meizu could not compete with other Chinese manufacturers in terms of sales.

Initially, the company produced MP3 players, and in2008 switched to phones. Although the company's portfolio is now diverse, at the moment smartphones bring most of the revenue to Meizu. Last year, Meizu turned 15 years old.