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Faraday Backer LeEco Slashes U.S. Jobs

Tue May 23 20:49:58 EDT 2017 | Carscoops
Chinese company and financial backer of Faraday Future, LeEco, has slashed 70 per cent of its workforce in the United States. CNBC reports that the company’s current U.S. workforce once sat at about 500 staff and that 325 of those lost their jobs on Tuesday after widespread job cuts coming in the midst of a company-wide restructuring follow severe cash issues. LeEco’s U.S. staff first received word about potential cuts after being asked to attend meetings at the company’s locations in San Diego,..

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Chinese company and financial backer of Faraday Future, LeEco, has slashed 70 per cent of its workforce in the United States. CNBC reports that the company’s current U.S. workforce..
LeEco confirmed on Tuesday that it will lay off the bulk of its U.S. workforce , as CNBC first reported Monday evening. According to CNET, the company is cutting 325 employees, or ..
LeEco, often called the "Netflix of China," is in the news again, and again it's because another disaster has befallen the company. After announcing a $2 billion merger with T..
Chinese consumer electronics company LeEco officially put the brakes on its ambitious U.S. expansion plans Tuesday, laying off 325 of its U.S.-based staff and in turn acknowledging..
Under the restructuring, LeEco will refocus on encouraging Chinese-American consumers to watch LeEco's Chinese content library, one person said. It may also continue to invest in F..
FILE PHOTO: LeEco's new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach/File Photo FILE PHOTO: Jia Yue..
Chinese technology conglomerate LeEco said it plans to eliminate about 325 jobs in the U.S. and sharply reduce research and development operations, after struggling to raise funds ..
TAIPEI China's embattled LeEco aims to cut its U.S. workforce to around 60 people from about 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations..
HONG KONG May 24 Chinese TV and smartphone vendor LeEco said it will lay off 325 employees in the United States as the sprawling, cash-strapped conglomerate scales back operations ..
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It’s hard to know where to begin with this mess. It’s only been seven months since LeEco launched in the U.S. with one of the most bizarre press conferences in recent memory, right..
Faraday Future is reportedly looking to raise $1 billion in a bid to protect itself from the financial problems of its main backer, Chinese tech giant LeEco. The electric car start..
Chinese tech conglomerate LeEco is reshuffling the executive roster of its publicly traded unit, Leshi Internet Information and Technology Corp., as it continues to struggles with ..
LeEco will continue to operate in the US but will focus on the narrower segment of Chinese-speaking households, a spokesperson told Cnet. This partial retreat isn't surprising, as ..
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Cathay Pacific Airways has denied a report that it is retrenching another 200 employees, a day after the airline said it was cutting 600 jobs in its biggest headcount reduction in ..
The 200 extra jobs to be culled will be from junior ranks, sources say, before the conclusion of the restructuring exercise at the end of this year. A spokeswoman declined to comme..
The 200 extra jobs to be culled will be from junior ranks, sources say, before the conclusion of the restructuring exercise at the end of this year. A spokeswoman declined to comme..
Technology companies in India are in the midst of a massive restructuring drive that has both employees and industry analysts worried over the future of the sector. Information Tec..
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