LeEco fires 85% staff of Indian unit, may exit India

[Devesh]

Four months after Chinese billionaire Jia Yueting acknowledged his company LeEco was fast running out of cash, the erstwhile high-flying company has fired 85% of its India staff and allowed two leadership exits in what the industry says is a precursor to its eventual withdrawal from the South Asian nation.

Two top executives — Atul Jain, chief operating officer of smart electronics business, and Debashish Ghosh, chief operating officer for Internet applications, services and con ..

Read more at:
LeEco: LeEco fires 85% staff of Indian unit, may exit India - The Economic Times

 

[IndianMascot]

So very soon this company will cease its operations here. Better to stay away from their products.

Posted using Entertainment Forum app

 

[Devesh]

So very soon this company will cease its operations here. Better to stay away from their products.

Posted using Entertainment Forum app

Now sell bhabhi's LeEco phone asap.

 

[scorpionking76]

What all drama they made to sell products, now out of cash. :sad:

 

[SRIRAM]

Even I purchased 34k of le max which is still running lollipop I expected nougat this news make my dreams smash

 

[Technoglitch]

The tide never turned out

 

[DashMajor]

Wao, their sell of mobile is like crazy one & company is ran out of cash?

Posted using Entertainment Forum app