Leeco Puts Brakes On U.s. Expansion Efforts, Lays Off 325

Chinese consumer electronics company LeEco officially put the brakes on its ambitious U.S. expansion plans Tuesday, laying off 325 of its U.S.-based staff and in turn acknowledging that it had underestimated the challenges of selling its products and services to North American consumers. In a statement, LeEco said that it is undergoing “a significant restructuring...

Topics:  u.s     u.s    north american   leeco   u.s    brakes   

 

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