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The latest Huawei ban was an eight week-long drama-fest that may most likely quantity to nothing ultimately, however the US would possibly very effectively have woke up a sleeping big within the course of.
In response to a report by the Wall Avenue Journal, the Chinese language tech big is planning to put off lots of of staff in one in every of their US-based firms.
Insider data means that some staff have already been notified of their dismissals, with extra cuts to be introduced “quickly”.
The corporate in query is one Futurewei Applied sciences Inc., a analysis and growth subsidiary that has 850 workers in a number of states together with Texas, California and Washington.
One other insider mentioned that Chinese language workers had been provided the choice to relocate again to China and stay with the corporate. Name it a hunch, however we’re guessing that American staff weren’t afforded the identical privilege.
Are these layoffs retaliation to the ban, or just a reallocation of property admits a altering market? Contemplating that Huawei CEO Ren Zhengfei mentioned final month that the ban would price the corporate $30 million in income, it may very effectively be each.
Header Picture Credit score: Huawei