Xiaomi to undergo internal restructuring: Report
Beijing, Sep 14 : Aiming to recruit new talent and strengthen its core, Xiaomi would undergo internal restructuring, its Founder and Chief Executive Lei Jun has announced.
The Beijing-headquartered company's internal restructuring would make way for 10 new business units -- four hardware units, four Internet services units, one technology platform and an e-commerce platform.
"It will also increase the efficiency of each department and build strong career progression, allowing us to develop younger talent and provide them with opportunities to shine," Lei wrote in a letter to Xiaomi staff, South China Morning Post (SCMP) reported on Friday.
"The company's organisational shake-up comes at a time when the governance of Chinese companies is under the spotlight," the report added.
One of the new departments would oversee recruitments, promotion and training while the other would be tasked with managing the firm's development strategy as well as monitoring the progress of individual business units.
"Without experienced soldiers, there is no succession. Without new troops, there is no future. We need to groom and develop a large group of young managerial talent.. to manage the troops. Let every capable and ambitious young person learn to battle and grow quickly on the battlefield," Lei added in the letter to the employees.
Recently, Chinese e-tailer Alibaba's Executive Chairman Jack Ma announced his plans to resign after a 12-month transition period, handing over the reins to Daniel Zhang, current Chief Executive of Alibaba Group Holding.
Alibaba Group said that on its 20th anniversary on September 10, 2019, its Chief Executive Daniel Zhang, 46, will take charge as the new Chairman.
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Bus accident in Odisha: Five dead, several injured as bus falls off bridge
Jajpur: A tragic bus accident occurred on National Highway-16 in Odisha's Jajpur district, resulting in the deaths of five individuals and leaving over 20 others injured. The bus, en route from Puri to Kolkata, fell 20 feet from a bridge near Kuakhia Police Station on Monday night.
16 ambulances, including two advanced life-saving units were immediately sent to the scene. Eight vehicles transported critically injured passengers to SCB Medical College Hospital in Cuttack. The injured are in varying states of severity, with fears that the death toll may rise.
Senior police officials have arrived to oversee the rescue operations. The Chief Minister announced a compensation of three lakh rupees for the families of the deceased.
Chief District Medical Officer Shibashish Moharana reported that approximately 20 individuals sustained serious injuries, receiving treatment at SCB Hospital, while those with minor injuries were admitted to Dharamshala Community Health Centre.
