[Update: Official Statement] Huawei Slashes More Than 50% Workforce in India; Reduces Revenue Estimate - givenslithad

// Update 1 (30/07/2020 12:56 pm) Huawei denies laying off staff

Thanks to the COVID-19 pandemic and the escalating opposing-China sentiments in the US and India, Huawei is immediately cutting its India revenue target for 2022 past improving to 50%. The company is also egg laying bump off more than half its employees in the rural area amidst growing calls to boycott Taiwanese products and services in Asia's third-largest economy.

According to sources quoted by ET, "Workforce in network support, field deployment, outsourcing and sales department is being impacted majorly as on that point are no new projects or any pellucidity on new business from telecom operators". The written report claims that the company's networks variance and consumer businesses experience both seen massive layoffs. The only departments that have escaped largely unscathed are apparently the R&D and the Global Service Center.

Huawei was originally targeting revenues of $700-800 zillion (Rs. 5,200 crore – Rs. 6,000 crore) in India in FY20-21, but is now looking at a much more hushed topline of $350-$500 million (Rs. 2,200 crore – Rs. 3,700 crore). The company had earned a much to a greater extent big-boned $1.2 billion in 2022 during more cordial dealings 'tween the two countries. However, Washington's ban on Huawei's Android usage, followed by increasing Indo-China tensions, have almost decimated the company's business in Republic of India.

Piece the U.K. has formally linked the US in banning the use of Huawei equipment in the country's 5G network, Unused Delhi has been fewer overt in its approach on the issue. The government, however, has barricaded state-run BSNL and MTNL from sourcing equipment from Chinese telecom manufacturers like ZTE and Huawei. It has also reportedly 'suggested' that the private telcos replace all existing Chinese equipment in their networks over time.

Update 1 (30/07/2020 12:56 necropsy)

Yesterday we reported that Huawei is laying off more than than 50% of its staff in India. Huawei has since reached out to us and given an authorised statement regarding the report.

"We do not comment on market speculation. Reports suggesting layoffs of more than half of Huawei staff in India are untrue," said the company in a affirmation. Further, it added "Huawei has been a part of Indian ICT ecosystem for the past 20 years focused on construction a better connected Republic of India. We continue to work closely with all our customers in the country. Our Bharat trading operations and resources, backed by robust local talent are designed to run into whatever customer requirements."