KONTAN.CO.ID - CALIFORNIA. China's Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government. Futurewei, which employed 850 people in the United States, began laying off workers on Monday, Reuters reported earlier, citing employees, including one who spoke as he left the company's Silicon Valley campus. Huawei is among the world's largest telecommunications equipment manufacturers. The U.S. Commerce Department in May placed the firm on its "entity list" of organizations that pose security risks. The Justice Department has filed charges against the firm alleging theft of trade secrets and other crimes.
Huawei's U.S. research arm slashes more than 70% of workforce
KONTAN.CO.ID - CALIFORNIA. China's Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government. Futurewei, which employed 850 people in the United States, began laying off workers on Monday, Reuters reported earlier, citing employees, including one who spoke as he left the company's Silicon Valley campus. Huawei is among the world's largest telecommunications equipment manufacturers. The U.S. Commerce Department in May placed the firm on its "entity list" of organizations that pose security risks. The Justice Department has filed charges against the firm alleging theft of trade secrets and other crimes.