Huawei plans extensive layoffs at its US operations: report

Author: 
Reuters
ID: 
1563088624744667300
Sun, 2019-07-14 07:14

BENGALURU: Huawei Technologies is planning extensive layoffs in
the United States as the Chinese telecoms equipment company
grapples with its US blacklisting, the Wall Street Journal
reported, citing people familiar with the matter.
The layoffs are expected to affect jobs at Huawei’s US-based
research and development subsidiary Futurewei Technologies, which
employs about 850 people in research labs across the United States,
the Journal said.
The layoffs could be in the hundreds, one person told the Journal.
Huawei’s Chinese employees in the United States were being given
an option to return home and stay with the company, another person
added.
Some employees have already been notified of their dismissal, while
more planned job cuts could be announced soon, the newspaper
said.
Huawei declined to comment when contacted by Reuters.
After the Commerce Department decided to put Huawei on its
so-called entity list, Futurewei employees have faced restrictions
to communicate with their colleagues in Huawei’s home offices
located in China, the people told the Journal.
Last week, Commerce Secretary Wilbur Ross said the US government
would issue licenses to companies seeking to sell goods to Huawei
where there was no threat to national security.

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Source: FS – All-News-Economy
Huawei plans extensive layoffs at its US operations: report