Huawei Plans to Cut Jobs in U.S.-Based R&D Unit, WSJ Says

Huawei Plans to Cut Jobs in U.S.-Based R&D Unit, WSJ Says

access_time2019-07-15 09:00:11


Huawei Technologies Co. is planning to cut jobs at its U.S. subsidiary as the Chinese technology giant continues to struggle with its American blacklisting, the Wall Street Journal  reported, citing unidentified people familiar with the situation.

The cuts are expected to affect employees at Futurewei Technologies Inc., a research-and-development subsidiary that employs about 850 people in states including Texas, California and Washington, according to the Journal. Some workers have already been notified of the dismissals and additional cuts could be announced soon, the newspaper reported.

The Journal cited one of the people familiar as saying hundreds of people could lose their jobs, without providing an exact number. Another person said some of Huawei’s Chinese employees in the U.S. were offered the option of returning home and staying with the company, according to the report.

Huawei declined to comment, the Journal said.


President Donald Trump’s decision in May to blacklist Huawei, one of China’s most strategically important companies, has dominated global industry discussions, as it threatens to upend supply chains and disrupt the global rollout of fifth-generation technology -- an infrastructure spending spree worth hundreds of billions of dollars.

The Trump administration has pushed allies to bar Huawei from 5G, citing risks about state spying -- allegations the company has denied. The move to block Huawei’s access to U.S. suppliers escalated the campaign. The company’s founder, Ren Zhengfei, has predicted the U.S. sanctions will cut its revenue by $30 billion over the coming two years.

Separately, Huawei has shut down its U.S. sales of solar inverters, Roth Capital Partners said in a research note in June. The exit came months after U.S. lawmakers suggested Huawei be banned from supplying solar inverters in the U.S., citing concern that the Chinese government could use them for spying. A Huawei spokesman said at the time the company had cut U.S. jobs but did not address whether it was discontinuing U.S. inverter sales.


თეგები:
commersant



“Georgia’s energy exchange will be a neutral, independent, objective and transparent commercial organization”

“Georgia’s  energy exchange will be a neutral, independent, objective and transparent commercial organization”
access_time2019-12-06 15:25:36
The  energy exchange was established  in Georgia as part of  the energy system reform. According to the Minister of Economy Natia Turnava, the launch  of the energy exchange is one of the most important...

“Infrastructure works undoubtedly affect the economy’s development but temporary”

“Infrastructure works undoubtedly affect the economy’s development but temporary”
access_time2019-12-06 14:37:17
The Ministry of Infrastructure says that in 11 months of 2019, GEL 1.6 billion was spent on the infrastructure projects  that has been  the record high  since the country became...

“The state spends a billion on infrastructure and has the right to put forward its own conditions”

“The state spends a billion on infrastructure and has the right to put forward its own conditions”
access_time2019-12-06 13:00:28
According to the former head of the Roads Department of the Ministry of Infrastructure Giorgi Seturidze, the active involvement of large, as well as foreign companies in the state  tenders is not illegal and does not...

5 star Marriott Brand, Luxury Collection complex being built on the Green Cape

5 star Marriott Brand, Luxury Collection complex being built on the Green Cape
access_time2019-12-05 13:44:48
A 5-star Marriott Brand, Luxury Collection hotel recreational complex is being built on the area of  50,000 m2 on the Green Cape by Georgia's Tourism Development Fund which is part of the Co-Investment Fund. Commersant was told at the Fund that the total volume of investment...

“The principles of the state universal health care program should be further developed and focus on the interests of citizens”

“The principles of  the state universal health care program should be  further developed and focus on the interests of citizens”
access_time2019-12-05 12:59:39
 “The principles of  the state universal health care program should be  developed and focus on the interests of citizens. At the same time, the interests of the health care  sector that...


Similar News

up