Huawei India announces job cut, brings its workforce down by 30%

In the wake of the current consolidation in the telecom industry, while also the Vodafone-Idea merger and sector-wide financial stress, Huawei Technologies has brought down its direct workforce in India by almost a third.

The economic stress caused in the sector after the disruption caused by billionaire Mukesh Ambani-owned Reliance Jio's entry, and the amalgamation between Vodafone and Idea have proved to be a double setback for the network vendor's workforce.

A company source said, on the condition of anonymity said, that there has been a job cut since early this year with nearly 30% of the employees having now gone out of the company, while some of them who were in the field teams have been rehired on a contractual basis. The employees were asked to leave on the basis of performance, network shutdowns and declining telco business, the source added......Read More