China's Huawei to fire 60-70% of its employees in India: Report


Chinese technology company Huawei has slashed its revenue target in India for 2020 by up to 50% and is firing 60-70% employees in the country, The Economic Times reported on Monday. Huawei is now targeting $350-$500 million in revenue for 2020, compared with $700-800 million it was aiming earlier. The report comes amid the government's call to boycott Chinese goods.