Huawei has cut its Indian revenue target by roughly 50%. Additionally, the firm will lay off 60-70% of its staff in the country, excluding those in research and development and Global Service Centre.
Huawei has cut its Indian revenue target for this year by up to 50% and is laying off more than half of its staff in the country, according to people with knowledge of the matter. Amid increasing hostility between China and India on their border, the Shenzhen firm’s products have had their demands plunging due to calls for a boycott on Chinese goods.
