Nothing calls ‘fake news’ on shutdown report while confirming key changes
9to5 Google 2026-07-24 17:35:00
Context: Nothing, a technology company, faced a report claiming it would exit around a dozen global markets due to declining sales and that layoffs would occur. In response, Nothing's Akis Evangelidis called the report "fake news," stating the company is not shutting down any markets but is making key changes. The company is reorganizing its teams, introducing dedicated business units, and consolidating countries into regional hubs.
Key Facts
- Nothing's Phone (4b) sold just shy of 30,000 units in its first day, contrary to a report claiming it sold under 20,000 units to date.
- The company is reorganizing its teams to prepare for its next phase of growth, introducing dedicated business units, including an AI-native business unit.