Huawei is laying off more than 600 workers in the United States as the Chinese technology giant continues to struggle with new restrictions from the Trump administration.
The layoffs, announced Tuesday, will take place at Futurewei, which is Huawei's US-based research and development subsidiary. The company blamed the layoffs on a"curtailment of business operations" caused by the US' restrictions.""Decisions like this are never easy to make," Hauwei said in a statement."Futurewei will continue to operate in strict compliance with US local laws and regulations.
In mid-May, President Donald Trump signed an executive order barring US companies from using telecommunication equipment from sources the administration deems a national security threat. That action directly targeted China and Huawei, a leader in 5G technology and a global business with revenue of more than $100 billion. The US has since said it would ease restrictions on the ban, but the details remain unclear.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei's US arm laid off nearly 600 workers as the trade ban bitesThe US research arm of China's Huawei — called Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees.
Read more »
Australian man caught with $140 million of meth after crashing into parked police carAn Australian man has been caught with a $140 million methamphetamine haul hidden in boxes after he crashed into a parked police car.
Read more »
Huawei secretly helped North Korea build, maintain wireless network: Washington PostHuawei Technologies Co Ltd [HWT.UL], the Chinese company put on a U.S. black lis...
Read more »
Huawei's U.S. research arm slashes jobs as trade ban bitesHuawei's U.S. research arm slashes more than 70% of workforce. More here: by leejane71
Read more »
Trump huddles with tech CEOs as White House vacillates on HuaweiTrump, during a meeting with the chief executives of seven technology companies, agreed to an industry request that the Commerce Department provide 'timely licensing decisions' on sales to Huawei
Read more »
Huawei executive says 'concerned' about Canadians held in ChinaThe Canadian unit of China's Huawei Technologies Co Ltd sought to distance ...
Read more »