After Meizu promised to bring a 5G phone by next year, it has since been battling and struggling for survival, doing it by all available methods to prevent collapse.
Meizu took up the optimization of the workforce by sending off some employees in the company. The company staffs has decreased about 30% this year.
In 2016, Meizu had more than about 2,700 stores and today, only 5-6 stores in each of the 23 provinces of China.
This obviously shows Meizu has been fighting for survival and the only way to reduce and save resources is by laying of employees and reducing the retail equipment sales outlets.
Meizu is known for producing quality smartphone and is the 11th largest smartphone manufacturer in the world, and sold over 20 million units in 2015.
Recall that two top managers left the company: Vice President Li Nan and Systems Engineer Hong Hansheng. I think they oversaw the future and decided to depart before it sink them.
I think putting the right strategy together, Meizu may come out from the downtime because all companies in one and the other experience downtime what’s your say?