Xiaomi Global Vice President Manu Jain resigns from the company after 9 years of service. Along with the Vice President post, Mr. Manu was also the former head of Xiaomi’s Indian region.
Mr. Manu Jain announced his exit via social media. He also shared his plans and deeply expressed his sentiments about his journey.
This move by Manu Jain comes amid an ongoing legal battle between ED and Xiaomi.
He worked for 7 years consistently and also helped Xiaomi a lot in setting up business in India. Furthermore, he again helped Xiaomi in scaling its business in India.
Xiaomi Global VP Manu Jain
Certainly, Mr. Manu Jain is a well-known public figure in the startup ecosystem. He was the co-founder of Jabong. Jabong is a fashion startup launched in 2012. Earlier, 25% of the fashion market segment was captured by Jabong. Its rival Myntra has now cleaned the space and captured it all alone.
To make anything big, one needs a face. Manu Jain became the poster boy for India operations. He even joined at company’s launch events. Furthermore, Mr. Manu Jain’s popularity increased his fan following.
Along with all this, he managed to make Xiaomi, a top phone brand in 2018. He has achieved milestones during his tenure. He managed India operations and helped Xiaomi a lot in scaling up business in India.
Furthermore, Jain was an extremely important part of setting up the manufacturing unit of Xiaomi in India. It deals with smartphones and televisions.
There has been a legal battle going on between Xiaomi and Enforcement Directorate. Even in April 2022, ED summoned Manu Jain for violation of the FEMA( Foreign Exchange Management Act ).
The season of layoffs and exits is going on in the country. Companies are laying off employees and sacking off high positions, which is leading to the worst of the crisis. Furthermore, high-level exits are happening in the country. Before Manu Jain’s exit, Sumit Sonal resigned as general manager of Xiaomi for marketing.
Apart from exits, Xiaomi also sacked its workforce globally. It has nearly made 10% of its workforce unemployed. Despite all this, the company still stands as the top smartphone-selling company.
Featured Image Credit : PNGWing
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