Nothing calls ‘fake news’ on shutdown report while confirming key changes

Nothing denied reports that it is exiting multiple markets and underperforming on Phone (4b) sales.

Akis Evangelidis said the company is not shutting down any markets and that Phone (4b) sales are stronger than reported.

The company did confirm an internal restructuring, including changes to some roles and a reduction in staff.

The reorganization includes an AI-native business unit and regional hubs, but Nothing said the layoff figures were exaggerated.