Huawei cuts India revenue target by up to 50%, retrenching staff

Huawei cuts India revenue target by up to 50%, retrenching staff

REUTERS/Hannibal Hanschke/Files

Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods.