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LeEco fires 85% staff of Indian unit, may exit India
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<blockquote data-quote="MAGNeT" data-source="post: 2117099" data-attributes="member: 517"><p>In November, Jia Yueting had written an email to employees saying the firm had burnt cash too quickly as it expanded into businesses ranging from smartphones to driverless cars. The founder had acknowledged its global expansion strategy went too far in the face of limited capital and resources and that it would cut costs and realise efficiencies</p><p></p><p><a href="http://economictimes.indiatimes.com/industry/tech/hardware/leeco-fires-85-indian-staff-may-exit-india/articleshow/57438429.cms" target="_blank">http://economictimes.indiatimes.com/industry/tech/hardware/leeco-fires-85-indian-staff-may-exit-india/articleshow/57438429.cms</a></p></blockquote><p></p>
[QUOTE="MAGNeT, post: 2117099, member: 517"] In November, Jia Yueting had written an email to employees saying the firm had burnt cash too quickly as it expanded into businesses ranging from smartphones to driverless cars. The founder had acknowledged its global expansion strategy went too far in the face of limited capital and resources and that it would cut costs and realise efficiencies [URL]http://economictimes.indiatimes.com/industry/tech/hardware/leeco-fires-85-indian-staff-may-exit-india/articleshow/57438429.cms[/URL] [/QUOTE]
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LeEco fires 85% staff of Indian unit, may exit India
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