# Nothing confirms layoffs, but calls market exit rumors ‘fake news’

> In response to a report that Nothing is planning to “exit 12 markets as global shipments decline,” Nothing cofounder Akis Evangelidis said the company is “reorganizing” and laying off some of its staff, but that “the…

- **Source:** [The Verge](https://www.theverge.com/tech/970848/nothing-layoffs-rumors-phone-4b?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=6a63af64e5a540167756fded)
- **Published:** 2026-07-24
- **Category:** Phones
- **Tags:** #ai
- **Canonical:** http://localhost:4321/a/6a63af64e5a540167756fded

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_GearOpen's distilled summary. The full original article is published at The Verge (source link above); GearOpen does not republish the source's full text._
