• Chethan Machaknur

Huawei Cuts India Revenue Target,Lays Off Upto 70% Staff

Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the company was targeting $350-500 million in revenue for 2020, compared with roughly $700-800 million it was aiming for earlier.

Huawei said that the company believed that its two major telecom clients in India would not place new order. Bharti Airtel and Vodafone Idea are Huawei's major clients in the Indian market. 

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