Nothing confirms layoffs, but calls market exit rumors ‘fake news’
The Verge·July 24, 2026
Nothing's cofounder Akis Evangelidis has confirmed that the company is undergoing reorganization and layoffs, but denied that the reported numbers are accurate. Evangelidis also disputed claims of poor sales for the Phone 4B, stating that it sold 29,537 units on its first day, breaking records in its price segment. Despite rumors of market exits, Evangelidis said Nothing is actually consolidating its operations into regional hubs and introducing a new "AI-native" business unit. The company is not shutting down in any markets, according to Evangelidis, who described market exit rumors as "fake news".
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