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China's LeEco may exit India, fires 85% staff

China's LeEco may exit India, fires 85% staff

Friday, March 3, 2017, 10:41 AM

According to a report, Chinese conglomerate LeEco has fired 85% of its employees in India and may be looking to exit the country. LeEco is a global internet company, which sells smartphones in India. The layoffs, closely follow the resignation of its smart electronics business Chief Operating Officer Atul Jain and internet applications service and content business Chief Operating Officer, Debashish Ghosh.
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