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May 23, 2017 04:57 pm -04

China's LeEco lays US ambitions to rest with massive layoffs

Several days ago, the CEO of Chinese corporation LeEco, Jia Yueting, resigned. While he remains chairman of the company, the move followed worrying announcements over the past six months: Growing so quickly it was running out of cash, selling the sit...

Original Link: https://www.engadget.com/2017/05/23/chinas-leeco-lays-us-ambitions-to-rest-with-massive-layoffs/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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