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

Nothing cofounder Akis Evangelidis confirmed the company is reorganizing and laying off staff in response to reports of planned market exits, but said "the reported numbers are way overblown." Evangelidis disputed claims about underwhelming Phone 4B sales without providing specific sales figures. The company did not disclose how many employees would be affected or which markets would be impacted by the reorganization.

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