EV maker Nio considers more job cuts after shedding 10% of staff – Bloomberg News

The logo of NIO is pictured on the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File Photo

Chinese electric carmaker Nio Inc (9866.HK) may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursday, citing people familiar with the matter.

Reporting by Utkarsh Shetti in Bengaluru; Editing by Rashmi Aich

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