Huawei plans extensive layoffs at its US operations: report

Huawei’s United States-based research and development subsidiary Futurewei Technologies employs about 850 people in research labs across the country. (AFP)
Updated 14 July 2019

Huawei plans extensive layoffs at its US operations: report

  • The layoffs are expected to affect jobs at Huawei’s US-based research and development subsidiary Futurewei Technologies
  • Some employees have already been notified of their dismissal

BENGALURU: Huawei Technologies is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its US blacklisting, the Wall Street Journal reported, citing people familiar with the matter.
The layoffs are expected to affect jobs at Huawei’s US-based research and development subsidiary Futurewei Technologies, which employs about 850 people in research labs across the United States, the Journal said.
The layoffs could be in the hundreds, one person told the Journal. Huawei’s Chinese employees in the United States were being given an option to return home and stay with the company, another person added.
Some employees have already been notified of their dismissal, while more planned job cuts could be announced soon, the newspaper said.
Huawei declined to comment when contacted by Reuters.
After the Commerce Department decided to put Huawei on its so-called entity list, Futurewei employees have faced restrictions to communicate with their colleagues in Huawei’s home offices located in China, the people told the Journal.
Last week, Commerce Secretary Wilbur Ross said the US government would issue licenses to companies seeking to sell goods to Huawei where there was no threat to national security.


Report: 2 Iranian lawmakers arrested for ‘disrupting’ market

Updated 22 August 2019

Report: 2 Iranian lawmakers arrested for ‘disrupting’ market

  • The report did not reveal if they have been charged with any financial crimes
  • Iran arrested several people since 2018 on corruption charges

TEHRAN: Iran’s semi-official Fars news agency says two lawmakers have been arrested for unspecified actions described as “disrupting” the country’s car market.
The report says the two lawmakers — Fereydoun Ahmadi and Mohammad Azizi — were initially taken to the Evin prison in Tehran but they were later released for about $85,000 in bail.
The report didn’t specify if the two have been charged with any financial crimes.
Iran is trying to crack down on corruption and has arrested several persons since 2018. Two prominent local businessmen have been hanged.
Iran’s economy nosedived since the US pullout from the nuclear deal last year. Prices of cars have skyrocketed as Western manufacturers pull out of the country and foreign-produced parts are becoming harder to find. China is trying to fill the void.