Nothing Denies Shutdown Rumors, Confirms Restructuring

Nothing, a company that makes phones, said that reports about them shutting down in some countries and laying off many people are not true.

They said they are just changing how they work to get ready for the future.

The boss of the company, Akis Evangelidis, said on X that their new phone, the Phone (4b), sold a lot on the first day it came out.

He also said that some people will lose their jobs, but not as many as people are saying.

The company is making new teams and grouping countries together to work better.

They want to make sure they have enough money to keep growing.