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Resignations continue in big tech companies around the world. One by one senior executives are leaving the company. In this sequence, now the global vice president of smartphone brand Xiaomi and former head of its Indian branch Manu Kumar Jain has resigned. Manu Jain was associated with the company for the last 9 years. Please tell that Manu Jain played a big role in the launch of Xiaomi in the Indian mobile market in the year 2014. With the arrival in the market, the company’s mobiles had defeated many big companies. Jain’s aggressive strategy was credited behind this.
announced on twitter
On his resignation, Manu Kumar Jain said in a tweet “Change is the only constant in life! Over the past 9 years, I have been fortunate to have found so much love and that has made this goodbye so difficult. Thank you all.” He said “The end of a journey also marks the beginning of a new one full of exciting opportunities. Hello to a new adventure!”
Let us tell you that this resignation has happened in the midst of the ongoing legal battle between the Enforcement Directorate and Xiaomi over the alleged violation of the Foreign Exchange Management Act (FEMA) by the company. The company’s problems in India regarding this matter are not taking the name of abatement, while in the meantime Manu Jain’s resignation may put the company in more trouble.
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