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Huawei, the Chinese manufacturer targeted by a Trump administration trade ban, is expected to dismiss a substantial number of people in the US in the coming weeks.
The number of individuals affected remains unclear but the layoffs, at the telecoms kit maker's US R&D subsidiary, Futurewei Technologies, could affect hundreds of workers in California, Texas, and Washington, according to The Wall Street Journal. Futurewei currently employs more than 800 people in the US.
On May 16, the beleaguered manufacturer, along with 68 of its affiliates, was placed on the US Commerce Department's Entity List, which forbids companies subject to US law from doing business with the firm without special permission from the US government.
Four days later, Huawei was given a 90-day General License so that its customers have time to make deals with new suppliers. When the General License expires on August 19, the ban will go into effect unless circumstances change.
US officials believe Huawei cannot be trusted because the company cannot resist demands by the Chinese government to compromise its equipment to assist with state-sponsored spying. No public evidence of this has been presented.
[...] Layoffs would be consistent with the broader financial impact of the pending Huawei trade ban. In June, at an event at Huawei headquarters in Shenzhen, China, company founder and CEO Ren Zhengfei, predicted the telecom firm's revenue will reach only about $100bn in 2019 and 2020, about $30bn less than previously anticipated in the next two years. But he said the company will emerge stronger by 2021.
(Score: 2) by PartTimeZombie on Thursday July 18 2019, @10:05PM (2 children)
There was a point when the US was a part of the broader coalition known as "The West" and could be relied upon to act rationally, and (usually) with the interests of the wider group in mind. With exceptions of course, Vietnam is one that comes to mind.
I think there might be a feeling in Europe, and in other allied countries that the current regime is no longer prepared to act in a rational way, so steps are being taken to begin to become more independent.
Baby steps at this point of course, because it is entirely possible that you guys will elect a less belligerent and more predicable government at some point, so bridges shouldn't be burnt.
I wonder what would happen if Germany asked the US to take all their soldiers home?
(Score: 0) by Anonymous Coward on Thursday July 18 2019, @10:50PM (1 child)
https://en.wikipedia.org/wiki/Marshall_Plan [wikipedia.org]
You think that was to help Europe? That was to stop them from going to war with each other every few years.
I wonder what would happen if Germany asked the US to take all their soldiers home
That would last about as long as it took Russia and China to go 'ohhhhh'. Most of Europe at this point has a piss poor national defense. That is by design. They know it.
(Score: 3, Informative) by hendrikboom on Friday July 19 2019, @01:03AM
France did this long ago. They said they would be part of NATO as an economic and cultural presence, but they would fund and maintain their own military. The US military moved out of France. Stayed in Europe, though. I met a former American soldier once who had been stationed in France. His unit was moved to Germany during that expulsion. That must have happened in the 50's or 60's, since I met him in the early 70's. I don't remember the USSR or China going ohhhhh!