Nothing Denies Market Exit Rumors Amid Layoffs Report

Nothing has confirmed that it is undergoing a reorganization with some staff layoffs, but denies reports of a complete market exit from 12 regions, calling such claims "fake news." Cofounder Akis Evangelidis stated that while the company is making workforce adjustments, the reported scale of the layoffs is significantly exaggerated. The company also contested claims about poor sales performance for its Phone 4B model.