LeEco has fired 85 percent of its employees in India and is said to be looking to exit the country, according to a new report from The Economic Times. The latest news comes four months after the Chinese smartphone maker confirmed it is facing a major financial crunch.
Continue reading “LeEco may exit India, top executives resign and 85% staff reportedly fired”
Snapdeal is laying off a total of 600 staff members as it continues the struggle to be profitable. According to a latest report from PTI, the e-commerce company will slash jobs across its e-commerce, logistics and payments operations over the next few days.
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It looks like Cyanogen is facing tough times as the company is reportedly laying off some of its workforce as a major part of restructuring, according to reports from Android Police and Re/Code.
Continue reading “Cyanogen said to lay off 20% of its workforce as part of restructure”
As part of their ongoing strategic changes, Nokia just announced a major shake up in senior management along with major restructuring in terms of facilities and overheads. The biggest of these changes is going to be the 10,000 strong global job cut. Of these 3,700 employees will be from Finland which we’re hearing is about 25% of the work force based out of Finland.
Continue reading “Nokia ‘sharpens’ strategy, Announces job cuts amidst factory closures”
