Chinese EV upstart Nio plans to eliminate 10% of its positions
© Reuters. FILE PHOTO: The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File PhotoThe adjustments will be completed in November, Nio said in a statement, without disclosing the exact number of affected staffers.
"We still have a gap between our overall performance and expectations," the company said, adding that it needs to improve efficiency and ensure adequate resources.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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