Meizu shutdown various stores and sacked several employees

It appears that Meizu has been experiencing trouble recently as fresh accounts say that the firm has shut a amount of
its Chinese shops, leaving hundreds of staff in the system.

The Meizu insiders survey states that this year the firm has taken off more than 30 percent of its workers and is down to only 1,000 staff across its retail shops.

According to the same report, the firm is down to 5-6 shops per province, while Meizu had more than 2,7000 stores throughout China at the pinnacle of its success in 2016.

The business is striving vigorously to optimize the allocation of its workers to avoid more reductions in employees.
Two of Meizu’s prominent officials-VP Li Nan and Hong Hansheng Systems Engineer lately left the business in associated media.
How Meizu intentions to remain afloat continues to be seen.
Its present condition is not good so it requires some dramatic steps to get out of this decline.

Via