Monday, 16 December, 2019

Huawei plans extensive layoffs at its US operations

Huawei plans extensive layoffs at its U.S. operations- WSJ Huawei plans extensive layoffs at its US operations
Ginger Lawrence | 15 July, 2019, 02:54

Huawei Technologies Co Ltd is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its U.S. blacklisting, the Wall Street Journal reported, citing people familiar with the matter. Futurewei employs about 850 people across Texas, California and Washington state.

'Chinese telecom companies like Huawei effectively serve as an intelligence-gathering arm of the Chinese Communist Party, ' Senator Tom Cotton said after the order was issued back in May.

The Journal cited one of the people as saying that hundreds of employees could lose their jobs.

The Trump administration said earlier this month that it would only provide exemptions when it can determine there is no national security threat.

Huawei did not respond to Reuters' solicitations for commenting on this information.

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According to the WSJ report, Futurewei employees have faced restrictions communicating with colleagues at the parent company's home offices in China.

US President Donald Trump's decision in May to blacklist Huawei, one of China's most strategically important companies, has threatened to upend supply chains and disrupt the global roll-out of fifth-generation technology.

After Trump met with Chinese President Xi Jinping on the sidelines of the G20 summit in Osaka last month, Huawei won a bit of a reprieve when Trump said he would ease the punitive measures so long as the equipment sold to the Chinese company did not pose any risk to national security.

Separately, Huawei has shut down its USA sales of solar inverters, Roth Capital Partners said in a research note in June.

The decision to exit the United States market comes months after lawmakers in the U.S. raised concerns about the company supplying solar inverters in the USA, citing the potential for China to use them for spying.