By Jon LeSage Chinese tech company LeEco is cutting back its presence in the U.S., but its Faraday Future subsidiary says it’s not feeling the impact.
LeEco is laying off most of its U.S. workforce – 325 employees, about 70 percent, with a lack of corporate funding cited as the reason. The company, with its video streaming and smartphone units, will keep some employees on staff to reach a “focus on the narrower segment of Chinese-speaking households,” according to CNET.
CEO Jia Yueting had made a splash in the U.S. hosting the company’s San Francisco media event in October. Soon after, bad news about the
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