Huawei plans extensive layoffs at its U.S. operations: WSJ

Huawei Technologies Co Ltd [HWT.UL] is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its U.S. blacklisting, the Wall Street Journal reported, citing people familiar with the matter.

The layoffs are expected to affect jobs at Huawei’s U.S.-based research and development subsidiary Futurewei Technologies, which employs about 850 people in research labs across the United States, the Journal said .

The layoffs could be in the hundreds, one person told the Journal. Huawei’s Chinese employees in the United States were being given an option to return home and stay with the company, another person added.

Some employees have already been notified of their dismissal, while more planned job cuts could be announced soon, the newspaper said.

Huawei declined to comment when contacted by Reuters.

After the Commerce Department decided…

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