FILE PHOTO: People are seen inside a Huawei store in a shopping mall in Beijing, China, July 14, 2020. REUTERS / Tingshu Wang
(Reuters) – Chinese telecommunications company Huawei Technologies Co has cut its 2020 India revenue target by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported Monday, amid of calls to boycott Chinese products. .
Huawei’s Indian unit said the report suggesting layoffs of more than half of Huawei staff in the country was not true, but did not elaborate.
The newspaper said the company was targeting $ 350-500 million in revenue by 2020, compared to approximately $ 700-800 million previously targeted in Asia’s third-largest economy.
The Economic Times said the company was cutting 60-70% of its Indian staff, excluding those in research and development and the global service center.
Huawei’s unit in India said it continues to “work closely” with all customers in the country.
“Our operations and resources in India, backed by strong local talent, are designed to meet customer requirements.”
The Economic Times report comes amid rising sentiment against China in India following the killing of 20 Indian soldiers by Chinese forces in a border dispute in the Himalayas last month.
India has also told two state-owned telcos to use locally made telecommunications equipment instead of Chinese to upgrade their mobile networks to 4G. (reut.rs/2ByrjhH)
Reports from Sankalp Phartiyal in New Delhi, David Kirton in Hong Kong, additional reports from Philip George in Bangalore; Subhranshu Sahu and Philippa Fletcher edition
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