Daily Management Review

Huawei’s research arm Futurewei Technologies slashes U.S. workforce


More than 600 people have been layed off by Futurewei.

Huawei’s research arm Futurewei Technologies slashes U.S. workforce
In a development that underscores the stength of the headwinds that Huawei faces, the Chinese company stated, it has laid off more than two-thirds of its 850-strong workforce from its U.S.-based research arm Futurewei Technologies.

Futurewei has offices in the Dallas area, Silicon Valley and in the greater Seattle and Chicago.
In May, the U.S. Commerce Department had placed Huawei on its “entity list” since it deemed that the Chinese telecommunications giant poses a national security risk. The Justice

Department has also filed charges against the firm alleging theft of trade secrets and other crimes.

In its statement, Huawei said the job cuts were “due to the curtailment of business operations” by the U.S. government’s actions. They will be effective from July 22.

Significantly, by placing Huawei on the Entity List, the U.S. has the transfer of sensitive technologies by Futurewei to Huawei, its parent, illegal.

According to an employee who has not been layed off, work at the company has come to a standstill following Huawei being placed in the Entity List.
“On the 17th of May, Huawei asked everyone at Futurewei to upload everything to the Huawei cloud, right before the ban took effect,” said that employee. “After that basically Futurewei has stopped doing any work - almost stopped everything.”

Incidentally, going by the data from the United States Patent and Trademark Office, Futurewei has filed more than 2,100 patents in areas including telecommunications, 5G cellular networks, and video and camera technologies.

Science & Technology

UK trials new breathing aid developed by Mercedes Formula One

Uber sues Los Angeles authorities over user data collection

Google Introduces New Coronavirus Website

WHO Warns That The Youth Are ‘Not Invincible' To The Novel Coronavirus

Chinese software company learns to recognize 95% of masked faces

World's largest retailer to use 5G for medical services

SpaceX Receives Approval To Create Research & Manufacturing Facility In Los Angeles

JPMorgan: Transition to e-money will be based on blockchain

Tesla In Advance Talks With CATL For Using Lithium Batteries

Financial giants and US government turn to quantum computers

World Politics

World & Politics

China opens Wuhan

Germany allocates over €1 trillion to support economy and healthcare

Peru launches $ 8.8B assistance program for companies affected by COVID-19

Tesla Supplies Free Ventilators For Immediate Patients And Not For Storing

India Turns Train Coaches Into Isolation Wards For COVID-19 Patients

Aerospace Consortium To Build Ten Thousand Ventilator In Britain

US Ambassador To UK Holds China Responsible For Global Spread Of Coronavirus

China to lift quarantine in Wuhan on April 8