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NIO layoffs — November 3, 2023

NIO, a transportation company based in China, announced a round of layoffs on November 3, 2023. At the time, the company was at the Post-IPO stage. The layoff was reported by this source.

Company
NIO
Employees laid off
Not disclosed
Date
November 3, 2023
Industry
Transportation
Country
China
Company stage
Post-IPO
Total raised (pre-layoff)
$7200M

Source: https://www.bloomberg.com/news/articles/2023-11-03/chinese-ev-maker-nio-to-cut-10-of-staff-positions-and-may-spin-off-businesses#xj4y7vzkg

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