China’s LeEco cutting US workforce, wants to sell Silicon Valley Headquarters
It’s no secret that the Chinese company LeEco have serious financial problems. The company, which became famous with the large-scale expansion and a wide catalog of products – from smartphones and televisions to cars – announced that it withdrew almost entirely from the US market.
Bogged down in debt it plans to sell its local headquarters in Silicon Valley and to fired mot of the staff there. The sleek complex had to be converted into a futuristic office building named EcoCity, where to work 12,000 people.
LeEco so far has not announced any market data from the US, but as you can imagine there is not many consumers who are walking with them phones or accessories at hand.
The company does not work with any of the mobile operators and there are many other marketing strategy that further reduces its chances, regardless of otherwise good deals.
However, LeEco will present a new phone on April 11, which will again be released not through mobile operators, but direct into the commercial network of the US.http://gizbrain.com/2017/03/20/chinas-leeco-cutting-us-workforce-sell-silicon-valley-headquarters/https://i1.wp.com/gizbrain.com/wp-content/uploads/2017/03/leeco-silicon-valley.jpg?fit=1200%2C675https://i1.wp.com/gizbrain.com/wp-content/uploads/2017/03/leeco-silicon-valley.jpg?fit=190%2C150TECH NEWSLeEco,smartphoneIt's no secret that the Chinese company LeEco have serious financial problems. The company, which became famous with the large-scale expansion and a wide catalog of products - from smartphones and televisions to cars - announced that it withdrew almost entirely from the US market. Bogged down in debt it plans...John GreenJohn GreenJohngreen@gizbrain.comContributorJohn Green is a writer at GizBrain.GizBrain - Your Tech Brain