Alibaba-Backed Chinese Phone Maker Meizu to Cut 5% of Workers

  • The Chinese company is cutting up to 200 jobs as market slows
  • Slowdown is most pronounced among lower-end phone makers

Meizu Technology Corp., the Chinese smartphone maker backed by Alibaba Group Holding Ltd., is planning to cut as much as 5 percent of its roughly 4,000 staff to strengthen its performance as industry growth cools.

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