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Nothing Denies Market Exit, Calls Report 'Fake News'

GSMArena •
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A recent report claimed that Nothing would be exiting "12 or more" global markets. However, Nothing co-founder Akis Evangelidis has vehemently denied these allegations, labeling them "fake news." Evangelidis stated that the company is undergoing a reorganization to prepare for its next growth phase, which involves creating dedicated business units and consolidating countries into regional hubs for increased efficiency.

While Evangelidis acknowledged that these changes have affected some positions, he insisted that the reported numbers of layoffs are "way overblown." The original report had suggested 40% of Nothing's staff were being laid off, with significant cuts to R&D teams. Furthermore, the report claimed the Nothing Phone (4a) Pro had sold only 20,000 units. Evangelidis countered this by revealing that the device sold 29,537 units on its first day alone, setting a new record for its price segment.

The author of the original report maintains their story, stating Nothing had a week to respond and offered no official statement. Despite this, Evangelidis urged media outlets to uphold factual reporting and journalistic integrity, emphasizing that decisions impacting livelihoods are made with great care. The situation leaves uncertainty, but if Evangelidis's sales figures are accurate, the report's inaccuracies raise questions about its overall credibility.