# Nothing smartphone restructuring saga > Live situation record from CLSTR: https://clstr.news/situations/nothing-smartphone-restructuring > Updated: 2026-07-24T15:51:06.000Z. Sources: 17. Developments: 2. On 24 July 2026 co‑founder Akis Evangelidis again dismissed rumors that Nothing would exit any markets, calling the claims “fake news.” He cited the Nothing Phone (4b) launch, which sold 29,537 units on day one, and said the widely reported 40 % workforce‑cut estimate was “way overblown.” Nothing confirmed an internal reorganisation that will merge country operations into regional hubs, create an AI‑native business unit and streamline functions, with some job eliminations but no large‑scale market shutdowns. The company pledged support for employees affected by the transition, framing the changes as a strategic realignment rather than a market exit. Later that day, reports added that the restructuring could eliminate roughly 40 % of the global workforce and involve withdrawal from more than a dozen markets—including Japan, parts of Europe, the Middle East and possibly Portugal—citing steep declines in Phone 4b sales and rising component costs. Nothing reiterated that any market‑exit talk was inaccurate, while acknowledging the consolidation of offices and a focus on stronger markets such as India. ## Timeline ### 2026-07-24: Nothing smartphone maker to cut 40% of staff and withdraw from 12 markets Nothing is consolidating offices, cutting about 40% of staff and may exit 12 markets including Japan, Europe and the Middle East, while co‑founder denies full market closures. 5 sources. https://clstr.news/cluster/nothing-smartphone-maker-cuts-40-of-workforce-and-exits-middle-east-japan-markets ### 2026-07-24: Nothing Denies Market Exit, Announces AI‑Focused Restructuring Nothing rejects rumors of exiting 12 markets, calls them fake news, cites 29,500 first‑day Phone (4b) sales, and announces an AI‑focused reorganisation with some job cuts. 12 sources. https://clstr.news/cluster/nothing-smartphones-confront-market-exit-rumors-and-restructuring --- Cite as: Nothing smartphone restructuring saga. CLSTR, https://clstr.news/situations/nothing-smartphone-restructuring