Huawei Suspends Majority of the Indian Staff and Reduces Revenue Target By Almost 50%
In addition to that, Huawei is suspending more than half of its staff working in India. It happened after border skirmishes took place between the two neighboring countries, China and India. After which Indian authorities asked for the boycott of Chinese products in their country. According to a source, Huawei is now expecting $350-$500 million in revenue for 2020, as compared to nearly $700-800 million it was aiming earlier. As a result, the company is laying off 60-70% of its Indian staff, excluding those in research and development and the global service center. The report came as a disaster for many employees who lost their jobs and it can lead to further escalation of tensions between the company and its bigger foreign market. Furthermore, it can also increase anti-China sentiments in the local population of India. India has also asked two state-run telecoms companies to utilize locally-made rather than Chinese telecom equipment to enhance their mobile networks to 4G. On the other hand, Huawei did not immediately reply to a request for comment on the report. Check out? Huawei Introduces Petal Search Widget – Find Apps as a Gateway to a Million Apps along with a New, Fashionable HUAWEI Nova 7i
