Nothing is apparently set to stop selling phones in a swath of global markets due to declining sales, while its new Nothing Phone (4a) and Phone (4b) releases are struggling to find success.
Update: Nothing has denied details of this report, saying it will not exit global markets, but confirming some job losses within the company as a part of reorganization.
Nothing calls ‘fake news’ on shutdown report while confirming key changes
Digit.in reports that Nothing is preparing to exit “12 or more global markets” including Japan, parts of Europe, and parts of the Middle East. This also comes with layoffs of around 40% of the company, with Nothing’s R&D unit also facing significant layoffs both in its China and London-based locations.
Nothing hasn’t officially confirmed these reports at this time.
