Nio (NIO) Plans To Cut 10% Of Staff

Nio (NIO) announces plans to cut 10% of their staff. NIO CEO cites “fierce competition” in the layoffs announcement. Alex Coffey discusses this, as NIO is to cut projects that don’t contribute to financial performance. NIO has developed a detailed plan for “organizational and business optimization.” NIO plans to focus on investing in tech. Tune in to find out more about the stock market today.

Morning Trade Live

03 Nov 2023

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