Any cuts would mainly apply to non-core businesses or those requiring heavy investment that won’t generate quick returns, the people said, adding that other more central parts of Nio’s business, like sales, are still hiring.
Unprofitable Chinese electric carmaker Nio Inc. may undertake further job cuts to reduce costs and improve efficiency, people familiar with the matter said, just weeks after the company announced plans to eliminate 10% of its workforce.
Some departments were asked to prepare reserve lay-off lists, which may widen the original dismissals to 20% to 30% within the unit, some of the people said, asking not to be identified because the deliberations are ongoing and aren’t public.
