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Faraday Future Says LeEco Jobs Cuts Won't Affect It

Thu May 25 20:04:39 EDT 2017 | Carscoops
On Tuesday, the main financial backer of Faraday Future, Chinese company LeEco, slashed its U.S. workforce by 70 per cent. Despite these significant cuts, FF claims that it is unaffected by the layoffs and LeEco’s restructuring. Speaking with Forbes, Faraday Future global chief financial officer Stefan Krause said that LeEco’s change of direction doesn’t impact the U.S. start-up automaker. “Hearing about layoffs at our strategic partner LeEco is discouraging. However, I want to be clear that the..

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On Tuesday, the main financial backer of Faraday Future, Chinese company LeEco, slashed its U.S. workforce by 70 per cent. Despite these significant cuts, FF claims that it is unaf..
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, 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..
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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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..
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 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 ..
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 ..
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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..
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..
Leshi Internet Information & Technology Corp., the Chinese consumer electronics company better known under its brand name LeEco, has replaced its founding CEO Jia Yueting,..
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..
PARIS/DETROIT Ford Motor Co (F.N) is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said - a move that reflects ..
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..
PARIS/DETROIT Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor un..
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 ..
LeEco’s financial woes are well documented so far and the time is approaching for the Chinese giant to make a decision whether they should drop their EV project in the US completel..
DEARBORN, Michigan (AP) — Ford’s new CEO, Jim Hackett, revealed a little about his plans — and a lot about himself — when he talked to media after his appointment. Here are four of..
DEARBORN, Michigan (AP) — Ford's new CEO, Jim Hackett, revealed a little about his plans — and a lot about himself — when he talked to media after his appointment. Here are four of..
Ford's new CEO, Jim Hackett, revealed a little about his plans — and a lot about himself — when he talked to media after his appointment. Here are four of the comments the former h..
Budget Director Mick Mulvaney holds up a copy of President Donald Trump’s proposed fiscal 2018 federal budget as he speaks to members of the media in the Press Briefing Room of the..
Budget Director Mick Mulvaney speak to the media about President Donald Trump's proposed fiscal 2018 federal budget in the Press Briefing Room of the White House in Washington, Tue..
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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Ford Motor Company on Monday replaced its chief executive, Mark Fields, with former office furniture executive Jim Hackett. The 114-year-old auto giant seeks to become a transforma..
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 ..
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Newly named Ford Motor Company president and CEO James Hackett answers questions during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 201..
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The Dow Jones Industrial Average traversed another tenuous week, marked by key earnings results and political developments which heightened investor concerns. Gains in energy ..