LeEco plans to cut 10 percent of workforce
By Fan Feifei | China Daily | Updated: 2016-11-30 07:39
Chinese internet company LeEco is cutting jobs to pull in its horns and relieve its cash flow crunch.
Cash-strapped LeEco, which has a total payroll of 8,000, is planning to cut its workforce by 10 percent, according to the Guangzhou-based Time Weekly.
LeEco didn't deny the report and said that it needed to optimize its operations and reorganize the company.
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