Indian media: it is said that Huawei will cut Indias revenue target by half and plan to lay off 70percent at most

 Indian media: it is said that Huawei will cut Indias revenue target by half and plan to lay off 70percent at most

Huaweis revised performance forecast is mainly due to the fact that Huawei does not believe that Bharti Airtel and Vodafone idea, its only two major telecom customers in India, will place new orders. As a result, Huawei fired Indian labor, contract workers and third-party employees, according to people familiar with the matter.

It is reported that Huaweis Bharti Airtel business in the Tamil Nadu region is threatened by Ericsson and is likely to lose its guarantee. By the end of last year, the company had lost its business in the Rajasthan region. If business continues to decline, Huawei will only be able to provide equipment for bhartiairtel in two service areas.

According to industry estimates, Huawei employs nearly 700 employees in India, and hundreds more contractors through third-party companies. But that doesnt include employees in the companys R & D center.

Huaweis staff in Indias network support, field deployment, outsourcing and sales departments have been significantly affected as telecom operators have no new orders and no clear intention to launch new services, said a person familiar with the matter

Another person familiar with the matter said: at present, the company only needs a small number of people to maintain the annual contracts signed with telecom operators. Employees who are still in the company are also worried about their jobs because there are not many vacancies in the market.

Huawei has also cut back on its consumer or mobile phone business after the U.S. ban, and it has not launched many devices in India. There have been layoffs in both the network business and the consumer business, but Huawei still has a large number of people in the R & D and global service center (GSC), which can play a global role, said a person familiar with the matter

In addition to the Indian governments move, sources said Bharti Airtel and Vodafone idea were worried about purchasing equipment from Huawei, especially after reports that TSMC, the worlds largest contract semiconductor manufacturer, stopped accepting new orders from Huawei to comply with the US export ban.

Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541