# government subsidy

iFlytek Denies Massive Layoff Rumours as Strong Cash Flow and AI Demand Bolster Guidance

iFlytek has denied online rumours of a major layoff affecting around 1,500 staff and low severance terms, with its PR vice-president calling the reports false. The company reported strong 2025 guidance—projected net profit of RMB 785–950 million—and record operating cash flow above RMB 3 billion, driven by scaled AI deployments and some government project subsidies.