Huawei Denies "Reducing Indian Market Revenue Goal by 50%"

Updated:2020/7/28 22:42

In response to the news lately released by foreign media: "Huawei has cut down its revenue target of India market by 50% in 2020, planning to exit the market", Huawei officially responded: "The news is not true. Although we never comment on market speculations, the news that Huawei's Indian company will lay off half of its staff and reduce its performance indicators is absolutely wrong."

In Huawei's official response, it is also mentioned that its Indian branch will continue to cooperate closely with Indian customers with the strong support of local talents, trying to meet all customer demands based on its business line and resources.

According to a report released by a foreign media yesterday, Huawei has cut its 2020 revenue target in India by 50% and plans to lay off 60% - 70% of its staff, excluding R&D staff and global service center staff.

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