Nothing confirms layoffs, but calls market exit rumors ‘fake news’

Core point

Nothing cofounder Akis Evangelidis confirmed that the company is reorganizing and laying off some staff, but disputed reports of exiting 12 markets. Evangelidis stated that the Phone 4B sold 29,537 units on its first day, breaking records in its price segment. The company is consolidating operations into regional hubs and introducing an AI-native business unit. Rising component prices are squeezing the midrange phone segment where Nothing typically operates.