Huawei likely to lay off 60-70% staff in India as the country pushes for indigenous 5G: Report
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After the ban on nearly 100 Chinese apps in India and tough stance of countries like US and France against the Chinese 5G architecture, Huawei is set to lay off 60-70% of its staff in India. This comes as India has declared that it will work towards developing an indigenous 5G architecture. The company has also cut its India revenue target for 2020 by up to 50 percent and is now targeting $350-$500 million in revenue.