
Audio By Carbonatix
Chinese telecommunications firm Huawei is reportedly preparing to lay off hundreds of workers in the United States, reports The Wall Street Journal.
The company has struggled in recent months after the Trump administration placed a de facto ban on US sales to the company, citing potential security threats and amidst the ongoing US-Chinese trade war.
According to the WSJ, Huawei is planning to lay off workers at a research subsidiary called Futurewei Technologies, which operates a number of research labs.
Huawei will reportedly allow some Chinese employees the option of relocating back to China to remain within the company. Some employees have apparently already been notified that they will be let go, with other layoffs planned in the near future.
In May, the White House issued an executive order that allowed the US Commerce Secretary to give the US the authority to prevent US companies from selling to entities designated a threat to national security.
As a result, Huawei is no longer able to buy some of the parts and software that it needs for its products.
While it looked as though Huawei might be getting a bit of a reprieve from the US ban on sales last month, the Trump administration has indicated that things likely won’t change until the two countries resolve their differences.
Latest Stories
-
Kwahu Business Forum 2026: Corporate citizenship, sustaining African businesses take centre stage with KGL as the case study
20 minutes -
Trump seeks $152m to reopen notorious Alcatraz prison
2 hours -
Ex-Chelsea player Oscar retires with heart issue
3 hours -
CA Foundation drives constitutional literacy in Kpone Katamanso municipality
3 hours -
GPRTU to hold talks with Transport Ministry over rising fuel costs
3 hours -
CUTS International urges gov’t to halt sachet water price hike pending cost review
3 hours -
Chief Justice: Efficient Judiciary essential to reducing business costs
3 hours -
Bayern grabs 99th-minute winner to cap superb fightback
3 hours -
Ahmed Ibrahim urges Ghanaians to reflect Easter values in nation-building
3 hours -
ECG inefficiencies undermining power supply -Mahama outlines reforms
3 hours -
Lewandowski scores as Barca fight back to defeat Atletico
3 hours -
Lack of private sector consultation undermining economic growth – Jerry Ahmed Shaib
3 hours -
Real Madrid seven points adrift after Muriqi’s late Mallorca winner
3 hours -
Ghana must lead AfCFTA implementation by example – Trade Minister Ofosu-Adjare
3 hours -
Strong Judiciary key to business confidence – Chief Justice Baffoe-Bonnie
3 hours