Nothing denies market exit rumors, confirms limited restructuring
Nothing said it is not withdrawing from any markets after a report claimed it would close dozens of locations, but it acknowledged a reorganisation that affected some positions.
Nothing responded to a report that suggested the company would exit about a dozen global markets and lay off up to 40% of its workforce. The firm’s spokesperson, Akis Evangelidis, called the market-exit claim inaccurate and said the company is "not shutting down any markets". He also disputed the reported sales figure for the Nothing Phone (4b), noting that the device sold just under 30,000 units on its first day, contrary to the claim of fewer than 20,000 units.
Evangelidis confirmed that the report’s layoff portion was partially correct, explaining that the company is reorganising its teams to prepare for a new growth phase. The restructuring includes creating dedicated business units, such as an AI-native unit, and consolidating individual country operations into regional hubs to improve efficiency. While specific numbers were not disclosed, the spokesperson said the reported figure of up to 40% of staff being affected was "way overblown".
The company added that it could not provide further details due to regulatory compliance and ongoing local consultations. A journalist who authored the original report said Nothing was given a week to comment before publication, but no statement was received during that period.