Nothing Calls Market-Exit Reports "FAKE NEWS" While Confirming Reorganization and Regional Hub Consolidation

Nothing denied reports it is shutting down markets, calling them "FAKE NEWS," while confirming an internal reorganization involving team restructuring and consolidation of individual countries into regional hubs. The company also said reported layoff numbers are "way overblown" but declined to provide its own figure. The Verge reported the details on July 24, 2026.