Midea Group Responded To Layoffs: Orderly Contraction Of Non Core Business And Suspension Of Non Operating Investment

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On the morning of May 19, recently, Midea's layoffs were uploaded on the pulse platform. Today, Midea Group's official number responded to the layoffs. "In view of the judgment on the internal and external environment, the company has orderly contracted its non core business, suspended non operating investment, and taken multiple measures to further consolidate the growth potential and improve its operating performance."**

At a Midea Group Management Exchange Meeting in early May, when explaining the company's 2022 strategic plan, Fang Hongbo, chairman and President of Midea Group, said pessimistically, "the next three years will face great difficulties, which is an unprecedented cold winter.

Earlier, on April 25 this year, Midea Group issued a notice of "shutdown and transfer" requirements for some non core businesses, which was led by Zhong Zheng, CFO of the group, to promote the adjustment of relevant businesses. At that time, the "business slimming" behavior aroused doubts from the outside world. (Wen Meng)

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