It is not unusual these days to examine tech firms implementing cost-cutting measures today and vivo is the most recent firm to go in that route. The corporate simply introduced that it is merging its sub-brand iQOO into its most important enterprise so as to scale back working prices and enhance effectivity. Which is usually one other manner of claiming that the agency is shedding a few of its workers.
It is no secret that vivo and iQOO are sharing R&D, provide chain and nearly each useful resource, aside from some advertising and marketing and distribution channels. iQOO smartphones are even operating the identical software program as vivo’s telephones. Nonetheless, e-commerce methods, planning and media concentrating on had been separate unit this level.
The brand new transfer will flip iQOO into only a common lineup inside vivo’s portfolio. vivo’s administration reportedly considers closing down iQOO’s impartial shops and counters too.
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