Weekend - Huawei planning "extensive" US staff layoffs
The Wall Street Journal cite unnamed sources for the news that Huawei is planning extensive layoffs at its U.S. operations.
- layoffs expected to Huawei's U.S.-based research and development subsidiary, Futurewei Technologies
- Huawei declined to comment
- exact number of layoffs couldn't be determined … expected to be in the hundreds
The background to this is of course the blacklisting of Huawei by the US. Which has limited the firms ability to buy critical U.S. components and software for its products