HUAWEI TO SACK 60-70% STAFF IN INDIA, CUTS REVENUE TARGET BY UP TO 50%

Highlights

• Huawei has decided to lay off its Indian staff except those working in research and development and the global service centre

• As per the reports, Huawei is presently targeting revenue of $350-$500 million in 2020 as compared to previous target of $700-$800 million

• The sources claim that the Government of India has made its mind to keep Huawei out of its 5G rollout

Accordin....