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According to the latest report, Meizu is in a revival phase, currently fighting for its survival, using all available options to prevent complete collapse.
Two senior executives have already left the company, with the company laying off more than 30 percent of the workforce this year, with only 1,000 employees in its retail stores. Meizu had over 2,700 stores in China in 2016, but currently the company only has 5 to 6 stores in each of the country's 23 provinces.
Even though the company confirmed that the first 5G phones will arrive next year, but seriously fighting for survival. The question how will Meizu come out of this current situations without cutting more staffs?
Every company in one way or the other experience downtime, but with adequate strategies, they can come out of it.
(Source)
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