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Thursday, 2 March 2017

LeEco fires 85% Indian staff, Career Breaking News, Jobs Breaking News

Kolkata, LeEco Fires 85% Indian Staff Special News Report by Ajit Singh: Four months after Chinese billionaire Jia Yueting acknowledged his company LeEco was fast running out of cash, the erstwhile high-flying company has fired 85% of its India staff and allowed two leadership exits in what the industry says is a precursor to its eventual withdrawal from the South Asian nation.

Two top executives — Atul Jain, chief operating officer of smart electronics business, and Debashish Ghosh, chief operating officer for Internet applications, services and content — have resigned, according to three top industry sources.
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