EV maker Nio denied on Wednesday that it is laying off 50% of its workforce with an N+1 compensation plan.
The rumor started circulating on Chinese social media platform Weibo earlier this Wednesday after an automotive blogger claimed “a certain luxury car company is laying off 50 percent of its workforce and offering n+1 compensation to its employees.”
In a statement on its app, the Shanghai-based manufacturer said the rumor is “ridiculously untrue,” adding that its legal department has called the police on the matter.
Here’s the statement published by Nio.
“Today, a screenshot of a severance package has been circulating in various chat groups, claiming that Nio will lay off 50% of its employees this year. The comments section even mentioned that the festival is named after Nio.
Spreading rumors is reckless, and those who do so might as well break their legs running away. I find it quite amusing, but thinking that everyone is sincerely trying to debunk rumors, I specifically reached out to the company’s HR representative to verify the information. As expected, I got another round of complaints in return—“Fake news spread all the way home.”
I heard from colleagues in the legal department that they have already reported this to the police. So, to the person who made up this rumor, you might want to take it easy.
By the way, a quick advertisement for HR—there are excellent positions available in campus recruitment, social recruitment, and more. You can check out the WeChat official account “Nio Recruitment” for details and to apply. New partners, come join us!”
This year, the group aims to double sales to about 440,000 units. After delivering 13,683 EVs in January, Nio needs to deliver 426,300 vehicles across its three brands over the next eleven months, an average of about 38,750 units.
Nio is preparing to introduce refreshed versions of four of its models over the coming months, aiming to maintain competitiveness in the world’s biggest car market.
China’s Ministry of Industry and Information Technology (MIIT) released its latest catalog earlier this Wednesday, revealing that the facelifts include minor design changes in the exterior.
